Kodiak Sciences KOD is about to present its newest quarterly earnings report on Thursday, 2024-03-28. Here is what traders must know earlier than the announcement.
Analysts estimate that Kodiak Sciences will report an earnings per share (EPS) of $-0.77.
Kodiak Sciences bulls will hope to listen to the corporate announce they’ve not solely overwhelmed that estimate, but additionally to offer constructive steerage, or forecasted progress, for the following quarter.
New traders ought to be aware that it’s generally not an earnings beat or miss that almost all impacts the worth of a inventory, however the steerage (or forecast).
Historic Earnings Efficiency
Final quarter the corporate beat EPS by $0.26, which was adopted by a 5.21% improve within the share worth the following day.
Here is a have a look at Kodiak Sciences’s previous efficiency and the ensuing worth change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | This autumn 2022 |
|---|---|---|---|---|
| EPS Estimate | -1.21 | -1.31 | -1.33 | -1.52 |
| EPS Precise | -0.95 | -1.53 | -1.35 | -1.35 |
| Value Change % | 5.0% | -10.0% | 10.0% | 23.0% |
Inventory Efficiency
Shares of Kodiak Sciences have been buying and selling at $7.1 as of March 26. During the last 52-week interval, shares are up 17.83%. Provided that these returns are typically constructive, long-term shareholders are seemingly bullish going into this earnings launch.
To trace all earnings releases for Kodiak Sciences go to their earnings calendar on our website.
This text was generated by Benzinga’s automated content material engine and reviewed by an editor.
