Palatin Technologies (AMEX:PTN) is set to give its latest quarterly earnings report on Tuesday, 2022-05-17. Here's what investors need to know before the announcement.
Analysts estimate that Palatin Technologies will report an earnings per share (EPS) of $-0.03.
Palatin Technologies bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.01, which was followed by a 1.08% drop in the share price the next day.
Here's a look at Palatin Technologies's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.03 | -0.03 | -0.04 |
| EPS Actual | -0.04 | -0.03 | -0.06 | -0.02 |
| Price Change % | -1.08% | -3.19% | 0.68% | 4.97% |
Stock Performance
Shares of Palatin Technologies were trading at $0.37 as of May 13. Over the last 52-week period, shares are down 32.31%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Palatin Technologies visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
