Benzinga | Nov 2, 2021 11:48AM EDT

Earnings Preview: 10x Genomics

10x Genomics (NASDAQ:TXG) is set to give its latest quarterly earnings report on Wednesday, 2021-11-03. Here's what investors need to know before the announcement.

Analysts estimate that 10x Genomics will likely report an Earnings Per Share (EPS) of $-0.20

10x Genomics 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).

Past Earnings Performance

Last quarter the company missed on EPS by -61.54%, which was followed by a 5.17% drop in the share price the next day.

Here's a look at 10x Genomics's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate -0.26 -0.27 -0.23 -0.30EPS Actual -0.10 -0.11 -0.08 -0.65Price Change % -5.17% -21.02% -0.63% 5.91%

Stock Performance

Shares of 10x Genomics were trading at $163.7 as of November 01. Over the last 52-week period, shares are up 13.54%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.