Did the company meet or miss consensus revenue and earnings per share estimates for the quarter?
Answer
The Inhibrx pressârelease does not disclose the companyâs actual revenue or earningsâperâshare (EPS) numbers, nor does it compare them to the WallâStreet consensus estimates for the quarter. Because the release only announces that the secondâquarter results have been filed and references the completion of the INBRXâ101 transaction, we cannot tell from the provided information whether Inhibrx met, beat, or missed the consensus revenue and EPS forecasts.
Trading implications
If the results beat consensus â the stock would likely see upside pressure on the news, especially given the added upside from the INBRXâ101 sale. A bullish play (e.g., buying on any pullâback or taking a shortâterm long position) could be justified, with a focus on the next technical resistance level (around the recent high of $12â$13) and a stop just below the prior swing low (~$9.50).
If the results miss consensus â the market would likely price in a downside, and a shortâbias or defensive positioning would be more appropriate. Traders could look for a break below the 2âmonth low (~$8.80) as a trigger for a short entry, with a stop placed above the prior swing high.
What to do now
Until the actual financial details (revenue, EPS, and the analyst consensus figures) are releasedâeither in the SEC filing or in the subsequent analyst commentaryâmost market participants will remain on the sidelines. The prudent approach is to monitor:
- SEC filing (Form 10âQ) for the exact quarterly numbers.
- Postârelease analyst updates for any revisions to consensus estimates.
- Preâmarket price action on the day of the filing, which will give the first clue about whether the results are viewed as a beat or a miss.
If the numbers come out and show a clear beat, consider a long position with a modest riskâtoâreward target (e.g., 15â20% upside). If they fall short, a short or hedged position may be warranted, especially if the price breaks below the shortâterm support zone. Until those data points are available, it is best to hold off on any directional trade.