Recap: Delcath Systems Q3 Earnings
Portfolio Pulse from Benzinga Insights
Delcath Systems (NASDAQ:DCTH) reported Q3 earnings with an EPS of $-1.14, missing estimates by 119.23% compared to the expected $-0.52. Revenue decreased by $472 thousand from the same period last year. The company's stock price dropped 16.54% the day after last quarter's earnings beat by $0.02 on EPS. Delcath Systems has shown a pattern of not meeting EPS estimates in the past quarters.
November 13, 2023 | 9:25 pm
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NEGATIVE IMPACT
Delcath Systems reported a significant miss on Q3 earnings and a decrease in revenue compared to last year, which could lead to a negative investor sentiment and a potential drop in stock price.
Given the substantial miss on earnings estimates and the historical stock price drop following the previous quarter's earnings report, it is likely that DCTH will experience a negative short term impact on its stock price. The pattern of not meeting EPS estimates could further erode investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100