Zomedica Q3 EPS $(0.00) Up From $(0.01) YoY, Sales $6.35M Miss $8.28M Estimate
Portfolio Pulse from mahesh@benzinga.com
Zomedica (AMEX:ZOM) reported a narrower Q3 loss of $(0.00) per share compared to $(0.01) per share in the same quarter last year, an 80% improvement. However, Q3 sales of $6.35M fell short of the $8.28M analyst consensus, a 23.35% miss, despite being a 32.89% increase from $4.78M in the prior year.
November 13, 2023 | 10:36 pm
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NEGATIVE IMPACT
Zomedica's Q3 EPS improved to $(0.00) from $(0.01) YoY, but revenue missed estimates by 23.35%, which could negatively impact investor sentiment.
While Zomedica's loss per share has decreased, indicating some operational improvement, the significant miss in revenue expectations is likely to concern investors. Revenue is a critical measure of a company's growth and performance, and missing analyst estimates often leads to negative short-term price action as it may signal underlying issues with sales growth or market penetration.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100