An Overview of Durect's Earnings
An Overview of Durect's Earnings
Durect (NASDAQ:DRRX) is preparing to release its quarterly earnings on Wednesday, 2024-11-13. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Durect to report an earnings per share (EPS) of $-0.17.
Anticipation surrounds Durect's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings History Snapshot
Last quarter the company beat EPS by $0.05, which was followed by a 5.67% drop in the share price the next day.
Here's a look at Durect's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.17 | -0.22 | -0.33 | -0.42 |
| EPS Actual | -0.12 | -0.25 | -0.10 | -0.14 |
| Price Change % | -6.0% | -14.000000000000002% | -10.0% | 3.0% |
Tracking Durect's Stock Performance
Shares of Durect were trading at $1.29 as of November 11. Over the last 52-week period, shares are up 111.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Durect visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
