Enanta Pharma Q3 EPS $(1.86) Beats $(2.33) Estimate, Sales $18.89M Beat $18.06M Estimate
Portfolio Pulse from mahesh@benzinga.com
Enanta Pharma (NASDAQ:ENTA) reported Q3 losses of $(1.86) per share, beating the analyst consensus estimate of $(2.33) by 20.17%. This is a 21.57% decrease over losses from the same period last year. The company also reported quarterly sales of $18.89 million, beating the analyst consensus estimate of $18.06 million by 4.61%. This is a 3.01% decrease over sales from the same period last year.
August 07, 2023 | 8:14 pm
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POSITIVE IMPACT
Enanta Pharma reported better than expected Q3 earnings and sales, despite a decrease compared to the same period last year.
Enanta Pharma's better than expected Q3 earnings and sales could lead to a positive market reaction, despite the year-on-year decrease. The beat on both fronts indicates the company is performing better than what the market had anticipated, which is typically well received by investors.
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IMPORTANCE 80
RELEVANCE 100