Earnings Preview: Durect

Durect DRRX will release its quarterly earnings report on Wednesday, 2024-11-13. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Durect to report an earnings per share (EPS) of $-0.17.

Durect 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).

Earnings History Snapshot

Last quarter the company beat EPS by $0.05, which was followed by a 5.67% drop in the share price the next day.

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

Performance of Durect Shares

Shares of Durect were trading at $1.29 as of November 11. Over the last 52-week period, shares are up 111.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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

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