ContraFect Q2 EPS $(1.94) Misses $(1.81) Estimate
Portfolio Pulse from Happy Mohamed
ContraFect (NASDAQ:CFRX) reported Q2 losses of $(1.94) per share, missing the analyst consensus estimate of $(1.81) by 7.18 percent. However, this is a 94.73 percent increase over losses of $(36.80) per share from the same period last year.
August 14, 2023 | 1:06 pm
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NEGATIVE IMPACT
ContraFect's Q2 earnings per share missed analyst estimates, which could negatively impact the stock price in the short term. However, the significant improvement over last year's losses may mitigate this impact.
Earnings reports are a key indicator of a company's financial health. Missing analyst estimates can lead to a decrease in stock price. However, the significant improvement over last year's losses indicates a positive trend, which may soften the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100