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T2 Biosystems (NASDAQ:TTOO) is set to give its latest quarterly earnings report on Thursday, 2024-11-14. Here's what investors need to know before the announcement.
Analysts estimate that T2 Biosystems will report an earnings per share (EPS) of $-0.64.
The market awaits T2 Biosystems'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.
During the last quarter, the company reported an EPS beat by $0.31, leading to a 3.16% increase in the share price on the subsequent day.
Here's a look at T2 Biosystems's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.97 | -2.27 | -2.22 | -4 |
| EPS Actual | -0.66 | -2.66 | -2.08 | -3.45 |
| Price Change % | 3.0% | -11.0% | -1.0% | -3.0% |
Shares of T2 Biosystems were trading at $0.524 as of November 12. Over the last 52-week period, shares are down 87.44%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for T2 Biosystems visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: TTOO
