OMIC Earnings Forecast
Looking ahead, OMIC remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2024/Q4 project quarter revenue of 1.77M and an EPS of -7.85.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2024 have been No Change by 0%, while EPS estimates have been No Change by 0%. For the upcoming Q4 2024, revenue estimates have been adjusted No Change by 0% . These revisions correlate with a % change in stock price over the same period, suggesting potential buying opportunities for investors who believe in OMIC long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
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Earnings Forecast
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Earnings Surprise Analysis
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Earnings Reaction
The chart below shows how OMIC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OMIC sees a +4.90% change in stock price 10 days leading up to the earnings, and a -9.31% change 10 days following the report. On the earnings day itself, the stock moves by +2.12%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in , the stock changed 0.74% on the day following the earnings release and then changed by -1.25% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
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Frequently Asked Questions
What were the key highlights of OMIC's latest earnings report for ?
OMIC reported its earnings on 2024-11-19, showcasing a revenue of 0.00 against an estimate of 0.00, resulting in a 0% surprise. The EPS was 0, surpassing the expected 0 by 0% . The stock experienced a 0.74% price change on the earnings day and a 1.77% change over the next five days, reflecting market reactions to the results.
How did OMIC's stock price react after the earnings release?
Following OMIC's earnings announcement on 2024-11-19, the stock price moved by 0.74% on the day of the release. Over the subsequent five days, it saw a 1.77% change. Historically, OMIC's stock price tends to shift by an average of +4.90% in the 10 days leading up to earnings and -9.31% in the 10 days following, providing insight into potential market.
What are the revenue and EPS estimates for OMIC for 2024/Q4?
For 2024/Q4, analysts estimate OMIC’s annual revenue to reach 1.77M, while the EPS is projected at -7.85. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by 0% over the past three months, indicating analyst expectation in the company’s performance.
How does OMIC's stock price correlate with earnings forecast revisions?
The correlation between OMIC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2024 were No Change by 0%, while EPS estimates moved No Change by 0% . This trend suggests that price dips could present buying opportunities for investors.
What should investors expect from OMIC's next earnings report?
Based on historical trends, OMIC's stock price typically moves by +4.90% in the 10 days before its earnings and -9.31% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of -7.85 and revenue of 1.77M.
What is the sentiment in Singular Genomics Systems, Inc. (OMIC) Q2 2024 Earnings Call Summary?
The earnings call summary reveals mixed signals. Basic financial performance shows a slight revenue decline and ongoing losses, but reduced operating expenses and cash burn are positive. Product development and business updates are promising with high customer interest and upcoming launches. Market strategy and shareholder return plans are unclear, with no specific guidance adjustments. The Q&A section indicates optimism but lacks clarity on costs. Overall, the sentiment is neutral due to financial challenges, despite positive developments in product interest and cost management.