Oncolytics Biotech ONCY is gearing up to announce its quarterly earnings on Tuesday, 2024-11-12. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Oncolytics Biotech will report an earnings per share (EPS) of $-0.07.
Anticipation surrounds Oncolytics Biotech'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.
Performance in Previous Earnings
The company's EPS missed by $0.00 in the last quarter, leading to a 0.97% drop in the share price on the following day.
Here's a look at Oncolytics Biotech's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.07 | -0.08 | -0.11 | -0.100 |
| EPS Actual | -0.07 | -0.07 | -0.04 | -0.104 |
| Price Change % | -1.0% | -6.0% | 1.0% | -4.0% |
Market Performance of Oncolytics Biotech's Stock
Shares of Oncolytics Biotech were trading at $1.07 as of November 08. Over the last 52-week period, shares are down 26.03%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Oncolytics Biotech 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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