Earnings Preview: Exelixis

Exelixis (NASDAQ:EXEL) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Exelixis to report an earnings per share (EPS) of $0.34.

Anticipation surrounds Exelixis'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

During the last quarter, the company reported an EPS beat by $0.54, leading to a 13.09% increase in the share price on the subsequent day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.30

0.24

0.22

0.15

EPS Actual

0.84

0.17

0.33

0.10

Price Change %

13.0%

-7.000000000000001%

-8.0%

-4.0%

Market Performance of Exelixis's Stock

Shares of Exelixis were trading at $27.87 as of October 25. Over the last 52-week period, shares are up 37.76%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Exelixis

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Exelixis.

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