Eargo Q2 EPS $(1.21) Misses $(0.97) Estimate, Sales $8.11M Miss $8.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eargo (NASDAQ:EAR) reported Q2 losses of $(1.21) per share, missing the analyst consensus estimate of $(0.97) by 24.74%. The company also reported quarterly sales of $8.11 million, missing the analyst consensus estimate of $8.24 million by 1.60%. However, these figures represent an increase over the same period last year.
August 10, 2023 | 9:20 pm
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NEGATIVE IMPACT
Eargo's Q2 earnings missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase might mitigate some of the negative impact.
Earnings reports are a key indicator of a company's financial health. Missing estimates can lead to a decrease in stock price. However, the YoY increase indicates some positive momentum, which could lessen the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100