PepGen: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
PepGen (NASDAQ:PEPG) reported its Q3 earnings, missing estimated earnings by 11.36% with an EPS of $-0.98 versus an estimate of $-0.88. Revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 2.53% increase in the share price the next day.
November 08, 2023 | 1:30 pm
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NEGATIVE IMPACT
PepGen's Q3 earnings missed estimates by 11.36%, reporting an EPS of $-0.98. Despite missing EPS last quarter, the share price increased by 2.53% the next day.
PepGen's earnings miss could negatively impact the stock price in the short term. However, it's worth noting that despite a miss on EPS last quarter, the share price increased the following day. This suggests that investors may have already priced in the earnings miss, or there may be other factors at play that could influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100