CollPlant Biotechnologies's Earnings: A Preview

CollPlant Biotechnologies CLGN is gearing up to announce its quarterly earnings on Wednesday, 2024-11-27. Here's a quick overview of what investors should know before the release.

Analysts are estimating that CollPlant Biotechnologies will report an earnings per share (EPS) of $-0.28.

CollPlant Biotechnologies 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).

Historical Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 0.21% increase in the share price the next day.

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

Market Performance of CollPlant Biotechnologies's Stock

Shares of CollPlant Biotechnologies were trading at $4.2576 as of November 22. Over the last 52-week period, shares are down 20.42%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

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

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