Earnings Outlook For Avanos Medical

Avanos Medical AVNS is set to give its latest quarterly earnings report on Wednesday, 2023-11-01. Here's what investors need to know before the announcement.

Analysts estimate that Avanos Medical will report an earnings per share (EPS) of $0.28.

Avanos Medical 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).

Past Earnings Performance

Last quarter the company missed EPS by $0.06, which was followed by a 0.64% drop in the share price the next day.

Stock Performance

Shares of Avanos Medical were trading at $17.83 as of October 30. Over the last 52-week period, shares are down 20.52%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Avanos Medical visit their earnings calendar on our site.

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