Ardelyx's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Ardelyx (NASDAQ:ARDX) is set to release its quarterly earnings on October 31, 2024. Analysts expect an EPS of $-0.05. The company previously beat EPS estimates, leading to a share price increase. Ardelyx has a 'Buy' rating with a price target of $11.33, indicating an 88.52% upside. The company shows strong revenue growth but has a low gross profit margin and return on equity compared to peers.
October 30, 2024 | 6:04 pm
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Ardelyx is expected to report an EPS of $-0.05. The company has a 'Buy' rating with a price target of $11.33, suggesting an 88.52% upside. Previous earnings beats have led to share price increases, and investors are focused on guidance.
Ardelyx's upcoming earnings report is highly anticipated, with analysts expecting an EPS of $-0.05. The company's history of beating estimates has previously led to positive stock price movements. The 'Buy' rating and significant upside potential indicate positive sentiment. Investors are particularly interested in the guidance, which could further influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100