20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Singular Genomics Systems (NASDAQ:OMIC) is set to give its latest quarterly earnings report on Monday, 2022-11-07. Here's what investors need to know before the announcement.
Analysts estimate that Singular Genomics Systems will report an earnings per share (EPS) of $-0.41.
Singular Genomics Systems 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 beat EPS by $0.04, which was followed by a 22.7% drop in the share price the next day.
Here's a look at Singular Genomics Systems's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.38 | -0.33 | -0.31 | -0.24 |
| EPS Actual | -0.34 | -0.31 | -0.27 | -0.25 |
| Price Change % | -22.7% | -7.1% | -1.67% | 14.96% |
Stock Performance
Shares of Singular Genomics Systems were trading at $2.39 as of November 03. Over the last 52-week period, shares are down 83.85%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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