PTC Therapeutics PTCT is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect PTC Therapeutics to report an earnings per share (EPS) of $-1.44.
PTC Therapeutics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Overview of Past Earnings
The company's EPS missed by $0.24 in the last quarter, leading to a 3.57% drop in the share price on the following day.
Here's a look at PTC Therapeutics's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -1.05 | -1.24 | 0.50 | -1.17 |
| EPS Actual | -1.29 | -1.20 | -0.24 | -1.76 |
| Price Change % | -4.0% | 12.0% | 13.0% | -23.0% |
Tracking PTC Therapeutics's Stock Performance
Shares of PTC Therapeutics were trading at $40.87 as of November 05. Over the last 52-week period, shares are up 127.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for PTC Therapeutics visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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