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A Preview Of ScPharmaceuticals's Earnings

Benzinga ·  Mar 12 23:01

scPharmaceuticals (NASDAQ:SCPH) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement.

Analysts estimate that scPharmaceuticals will report an earnings per share (EPS) of $-0.42.

scPharmaceuticals 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 $0.05, which was followed by a 8.74% drop in the share price the next day.

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

QuarterQ3 2023Q2 2023Q1 2023Q4 2022
EPS Estimate-0.36-0.37-0.36-0.39
EPS Actual-0.41-0.36-0.30-0.27
Price Change %-9.0%1.0%-1.0%25.0%

eps graph

Stock Performance

Shares of scPharmaceuticals were trading at $5.28 as of March 11. Over the last 52-week period, shares are down 24.53%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

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

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

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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