Recap: Societal CDMO Q3 Earnings
Portfolio Pulse from Benzinga Insights
Societal CDMO (NASDAQ:SCTL) reported Q3 earnings, missing estimated earnings by 150.0% with an EPS of $-0.05 versus an estimate of $-0.02. However, revenue was up $1.99 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 9.66% drop in the share price the next day.
November 08, 2023 | 9:55 pm
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NEGATIVE IMPACT
Societal CDMO's Q3 earnings missed estimates significantly, which could negatively impact the stock price. The company has a history of missing EPS estimates, which previously led to a drop in share price.
Societal CDMO's Q3 earnings missed estimates by a large margin, which is likely to negatively impact investor sentiment and potentially lead to a drop in the stock price. This is further supported by the company's history of missing EPS estimates and subsequent drops in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100