Published on 26 Oct 2023 on Zacks via Yahoo Finance
Will Bionano Genomics, Inc. (BNGO) Report Negative Q3 Earnings? What You Should Know
Wall Street expects a year-over-year increase in earnings on higher revenues when Bionano Genomics, Inc. (BNGO) reports results for the quarter ended September 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.