Insights into Evotec's Upcoming Earnings

Evotec (NASDAQ:EVO) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Evotec will report an earnings per share (EPS) of $-0.08.

Anticipation surrounds Evotec'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.

Earnings History Snapshot

In the previous earnings release, the company missed EPS by $0.23, leading to a 3.63% drop in the share price the following trading session.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.06

-0.100

-0.03

-0.05

EPS Actual

-0.29

-0.065

-0.12

Price Change %

-4.0%

-5.0%

-2.0%

4.0%

Evotec Share Price Analysis

Shares of Evotec were trading at $4.4 as of November 04. Over the last 52-week period, shares are down 50.7%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Insights Shared by Analysts on Evotec

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Evotec.

Analysts have provided Evotec with 2 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $5.9, suggesting a potential 34.09% upside.

Analyzing Analyst Ratings Among Peers

The analysis below examines the analyst ratings and ...