Ortho Clinical Diagnostic Earnings Preview

Ortho Clinical Diagnostic OCDX is set to give its latest quarterly earnings report on Wednesday, 2022-02-16. Here's what investors need to know before the announcement.

Analysts estimate that Ortho Clinical Diagnostic will report an earnings per share (EPS) of $0.15.

Ortho Clinical Diagnostic bulls will hope to hear the company to 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 $0.07, which was followed by a 4.84% increase in the share price the next day.

Here's a look at Ortho Clinical Diagnostic's past performance and the resulting price change:

Stock Performance

Shares of Ortho Clinical Diagnostic were trading at $16.39 as of February 14. Over the last 52-week period, shares are down 4.32%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

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