Alvotech's Earnings Outlook

Alvotech ALVO 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 Alvotech to report an earnings per share (EPS) of $-0.06.

Anticipation surrounds Alvotech'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 Track Record

In the previous earnings release, the company beat EPS by $0.28, leading to a 8.72% increase in the share price the following trading session.

Here's a look at Alvotech's past performance and the resulting price change:

Market Performance of Alvotech's Stock

Shares of Alvotech were trading at $12.21 as of November 11. Over the last 52-week period, shares are up 33.02%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Alvotech visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.