Allurion Technologies ALUR is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Allurion Technologies will report an earnings per share (EPS) of $-0.15.
Allurion Technologies 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).
Earnings Track Record
Last quarter the company beat EPS by $0.19, which was followed by a 10.86% drop in the share price the next day.
Here's a look at Allurion Technologies's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | -0.30 | -0.51 | |
| EPS Actual | -0.05 | 0.11 | -0.40 | -0.54 |
| Price Change % | -11.0% | -9.0% | -8.0% | 5.0% |
Stock Performance
Shares of Allurion Technologies were trading at $0.7237 as of November 11. Over the last 52-week period, shares are down 83.81%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Allurion Technologies 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
