Earnings Preview For iRhythm Technologies

iRhythm Technologies (NASDAQ:IRTC) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate iRhythm Technologies to report an earnings per share (EPS) of $-0.58.

The market awaits iRhythm Technologies's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

Last quarter the company beat EPS by $0.28, which was followed by a 12.28% drop in the share price the next day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.89

-0.98

-0.60

-0.66

EPS Actual

-0.61

-1.23

-0.84

-0.79

Price Change %

-12.0%

-7.000000000000001%

-9.0%

5.0%

Performance of iRhythm Technologies Shares

Shares of iRhythm Technologies were trading at $76.3 as of October 28. Over the last 52-week period, shares are down 1.27%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Views on iRhythm Technologies

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

The consensus rating for iRhythm Technologies is Buy, derived from 10 analyst ratings. An average one-year price target of $109.1 implies a potential 42.99% upside.

Comparing Ratings with Peers

The ...