Uncovering Potential: Delcath Systems's Earnings Preview

Delcath Systems (NASDAQ:DCTH) is set to give its latest quarterly earnings report on Friday, 2024-11-08. Here's what investors need to know before the announcement.

Analysts estimate that Delcath Systems will report an earnings per share (EPS) of $-0.22.

The market awaits Delcath Systems'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.

Overview of Past Earnings

During the last quarter, the company reported an EPS missed by $0.12, leading to a 4.93% drop in the share price on the subsequent day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.36

-0.47

-0.51

-0.52

EPS Actual

-0.48

-0.45

-0.48

-1.14

Price Change %

-5.0%

2.0%

10.0%

-24.0%

Market Performance of Delcath Systems's Stock

Shares of Delcath Systems were trading at $10.94 as of November 06. Over the last 52-week period, shares are up 274.92%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Delcath Systems

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

The consensus rating for Delcath Systems is Buy, derived from 2 analyst ratings. An ...