Earnings Outlook For Eledon Pharmaceuticals

Eledon Pharmaceuticals ELDN is set to give its latest quarterly earnings report on Thursday, 2022-05-12. Here's what investors need to know before the announcement.

Analysts estimate that Eledon Pharmaceuticals will report an earnings per share (EPS) of $-0.68.

Eledon Pharmaceuticals 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).

Past Earnings Performance

Last quarter the company beat EPS by $0.24, which was followed by a 4.0% increase in the share price the next day.

Stock Performance

Shares of Eledon Pharmaceuticals were trading at $2.58 as of May 10. Over the last 52-week period, shares are down 73.18%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Eledon Pharmaceuticals visit their earnings calendar on our site.

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