A Look Ahead: Palatin Techs's Earnings Forecast

Palatin Techs PTN is preparing to release its quarterly earnings on Thursday, 2024-11-14. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Palatin Techs to report an earnings per share (EPS) of $-0.51.

The announcement from Palatin Techs is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.02, leading to a 1.61% drop in the share price on the subsequent day.

Performance of Palatin Techs Shares

Shares of Palatin Techs were trading at $1.2 as of November 12. Over the last 52-week period, shares are down 34.05%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

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

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