Earnings Preview: Bio-Techne

Bio-Techne Corporation +0.40% Pre

Bio-Techne Corporation

TECH

71.91

71.91

+0.40%

0.00% Pre

Bio-Techne (NASDAQ:TECH) is set to give its latest quarterly earnings report on Tuesday, 2023-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Bio-Techne will report an earnings per share (EPS) of $0.44.

Bio-Techne bulls will hope to hear the company 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).

Past Earnings Performance

Last quarter the company missed EPS by $0.00, which was followed by a 1.54% drop in the share price the next day.

Here's a look at Bio-Techne's past performance and the resulting price change:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 0.55 0.53 0.62 0.46
EPS Actual 0.55 0.53 0.47 0.45
Price Change % -1.54% -2.27% -2.09% -3.67%

eps graph

Stock Performance

Shares of Bio-Techne were trading at $59.54 as of October 27. Over the last 52-week period, shares are down 28.55%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for Bio-Techne visit their earnings calendar on our site.

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

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