Earnings Preview For iRhythm Technologies
Portfolio Pulse from Benzinga Insights
iRhythm Technologies (NASDAQ:IRTC) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $-0.58. Despite a previous EPS beat, the stock dropped 12.28% the next day. The consensus rating is 'Buy' with a price target of $109.1, suggesting a 42.99% upside. The company leads in revenue growth among peers but struggles with low gross profit margin and return on equity.
October 29, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
iRhythm Technologies is expected to report an EPS of $-0.58. Despite a previous EPS beat, the stock dropped significantly. The consensus rating is 'Buy' with a price target of $109.1, indicating a potential upside. Investors should watch for guidance as it can drive stock prices.
The upcoming earnings report is crucial for iRhythm Technologies, with analysts expecting an EPS of $-0.58. Despite a previous EPS beat, the stock experienced a significant drop, indicating volatility. The 'Buy' rating and price target suggest potential upside, but the market's reaction will depend heavily on the guidance provided. Historical performance shows that even positive EPS surprises can lead to negative stock reactions, highlighting the importance of forward-looking statements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100