Allakos Q3 EPS $(0.52) Misses $(0.45) Estimate
Portfolio Pulse from Benzinga Newsdesk
Allakos (NASDAQ:ALLK) reported a Q3 EPS loss of $(0.52), missing the consensus estimate of $(0.45) by 15.56%. The loss per share has slightly improved from the $(0.53) reported in the same quarter last year.
November 13, 2023 | 9:04 pm
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Allakos reported a larger-than-expected Q3 loss per share of $(0.52), which did not meet the $(0.45) analyst consensus estimate. However, the loss has improved marginally compared to the previous year.
Missing the EPS estimate could lead to negative investor sentiment in the short term, potentially causing the stock price to drop. The slight improvement year-over-year may not be sufficient to offset the negative impact of the earnings miss.
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IMPORTANCE 75
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