Iridex (NASDAQ:IRIX) is set to give its latest quarterly earnings report on Tuesday, 2024-11-12. Here's what investors need to know before the announcement.

Analysts estimate that Iridex will report an earnings per share (EPS) of $-0.09.

Iridex 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 missed EPS by $0.04, which was followed by a 0.53% drop in the share price the next day.

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

Market Performance of Iridex's Stock

Shares of Iridex were trading at $1.39 as of November 08. Over the last 52-week period, shares are down 27.37%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

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

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