Recap: Shattuck Labs Q3 Earnings
Portfolio Pulse from Benzinga Insights
Shattuck Labs (NASDAQ:STTK) reported its Q3 earnings, missing estimated earnings by 25.0% with an EPS of $-0.65 versus an estimate of $-0.52. However, revenue was up $474 thousand from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 2.25% drop in the share price the next day.
November 09, 2023 | 11:05 am
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NEGATIVE IMPACT
Shattuck Labs missed Q3 earnings estimates by 25.0%, but saw a YoY revenue increase of $474K. Last quarter's EPS beat led to a 2.25% share price drop.
Shattuck Labs missed its Q3 earnings estimates significantly, which could negatively impact investor sentiment and potentially lead to a drop in the stock price. However, the company did see a YoY revenue increase, which could offset some of the negative impact. The company's history of a share price drop following an EPS beat last quarter may also influence investor behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100