InnovAge Holding (NASDAQ:INNV) is gearing up to announce its quarterly earnings on Tuesday, 2024-11-05. Here's a quick overview of what investors should know before the release.
Analysts are estimating that InnovAge Holding will report an earnings per share (EPS) of $-0.03.
The market awaits InnovAge Holding's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
The company's EPS beat by $0.02 in the last quarter, leading to a 6.47% drop in the share price on the following day.
Here's a look at InnovAge Holding's past performance and the resulting price change:
| Quarter | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.03 | -0.03 | -0.04 |
| EPS Actual | -0.01 | -0.04 | -0.03 | -0.08 |
| Price Change % | -6.0% | 0.0% | -4.0% | -2.0% |
Tracking InnovAge Holding's Stock Performance
Shares of InnovAge Holding were trading at $5.93 as of November 01. Over the last 52-week period, shares are up 7.45%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for InnovAge Holding visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
