Titan Medical TMDI is set to give its latest quarterly earnings report on Thursday, 2022-03-24. Here's what investors need to know before the announcement.
Analysts estimate that Titan Medical will report an earnings per share (EPS) of $-0.13.
Titan Medical 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).
Here's a look at Titan Medical's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | |||
| EPS Actual | -0.08 | -0.01 | -0.15 | 0.25 |
| Price Change % | -12.8% | 2.4% | 4.22% | -9.3% |
Stock Performance
Shares of Titan Medical were trading at $0.6126 as of March 22. Over the last 52-week period, shares are down 65.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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