Ardelyx (NASDAQ:ARDX) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Ardelyx to report anearnings per share(EPS) of $-0.05.

Anticipation surrounds Ardelyx's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

The company's EPS beat by $0.04 in the last quarter, leading to a 10.0% increase in the share price on...