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Spectrum Pharmaceuticals (NASDAQ:SPPI) is set to give its latest quarterly earnings report on Wednesday, 2023-03-22. Here's what investors need to know before the announcement.
Analysts estimate that Spectrum Pharmaceuticals will report an earnings per share (EPS) of $-0.11.
Spectrum Pharmaceuticals 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).
Last quarter the company beat EPS by $0.03, which was followed by a 2.25% increase in the share price the next day.
Here's a look at Spectrum Pharmaceuticals's past performance and the resulting price change:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.16 | -0.19 | -0.21 |
| EPS Actual | -0.12 | -0.17 | -0.06 | -0.17 |
| Price Change % | 2.25% | 12.4% | 3.19% | 5.67% |
Shares of Spectrum Pharmaceuticals were trading at $0.8001 as of March 20. Over the last 52-week period, shares are down 40.88%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: SPPI
