Ardelyx's Earnings Outlook

Ardelyx (NASDAQ:ARDX) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Ardelyx to report an earnings per share (EPS) of $-0.05.

Anticipation surrounds Ardelyx'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

The company's EPS beat by $0.04 in the last quarter, leading to a 10.0% increase in the share price on the following day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.11

-0.15

-0.09

-0.11

EPS Actual

-0.07

-0.11

-0.12

0.03

Price Change %

10.0%

28.000000000000004%

-2.0%

-0.0%

Analyst Opinions on Ardelyx

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

With 3 analyst ratings, Ardelyx has a consensus rating of Buy. The average one-year price target is $11.33, indicating a potential 88.52% upside.

Comparing Ratings with Peers

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