Earnings Preview For NovaBay Pharmaceuticals

Earnings Preview For NovaBay Pharmaceuticals

 

NovaBay Pharmaceuticals NBY is set to give its latest quarterly earnings report on Thursday, 2022-08-11. Here's what investors need to know before the announcement.

Analysts estimate that NovaBay Pharmaceuticals will report an earnings per share (EPS) of $-0.03.

NovaBay Pharmaceuticals 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 $0.02, which was followed by a 5.21% increase in the share price the next day.

Here's a look at NovaBay Pharmaceuticals's past performance and the resulting price change:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.03 -0.05 -0.03 -0.04
EPS Actual -0.05 -0.12 -0.05 -0.04
Price Change % 5.21% -4.44% -6.01% -2.53%

Stock Performance

Shares of NovaBay Pharmaceuticals were trading at $0.304 as of August 09. Over the last 52-week period, shares are down 55.11%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for NovaBay Pharmaceuticals visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-EPEarnings