PDS Biotechnology: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
PDS Biotechnology (NASDAQ:PDSB) reported Q3 earnings with an EPS of $-0.35, beating estimates by 22.22% but with no change in revenue from the same period last year. Last quarter's EPS miss was followed by a 10.32% share price increase the next day.
November 14, 2023 | 12:35 pm
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PDS Biotechnology reported a better-than-expected Q3 EPS, which could lead to positive investor sentiment and a potential increase in stock price.
Beating earnings estimates typically generates positive sentiment among investors, which can lead to an increase in stock price. However, the lack of revenue growth may temper some of the enthusiasm. Historical performance indicates that the stock price increased following an earnings miss last quarter, suggesting that the market may respond well to positive earnings surprises.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100