Recap: Trevena Q3 Earnings
Portfolio Pulse from Benzinga Insights
Trevena (NASDAQ:TRVN) reported Q3 earnings with an EPS of $-0.57, missing estimates by 280% compared to the expected $-0.15. Revenue increased by $618 thousand from the same period last year. In the previous quarter, TRVN beat EPS estimates but the share price fell by 2.63% the following day. Historical earnings show variability in performance with mixed results in EPS and revenues over the past four quarters.
November 14, 2023 | 12:05 pm
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Trevena reported a significant earnings miss for Q3 with an EPS of $-0.57, which was far below the estimated $-0.15. Despite an increase in revenue, historical data suggests mixed performance and potential volatility in the stock price.
The substantial earnings miss is likely to negatively impact investor sentiment in the short term, as the EPS was significantly lower than expected. Historical performance indicates that past earnings beats did not prevent a share price drop, suggesting that the market may react unfavorably to the earnings miss. However, the increase in revenue could provide some cushion to the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100