MeiraGTx Hldgs Q3 EPS $(0.74) Misses $(0.55) Estimate, Sales $5.10M Beat $3.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
MeiraGTx Holdings (MGTX) reported a Q3 EPS loss of $(0.74), missing the $(0.55) estimate by 34.55%, but showed a 10.84% improvement from the $(0.83) loss per share in the same period last year. Sales of $5.10M exceeded estimates by 56.06% and grew 5.96% from last year's $4.82M.
November 14, 2023 | 1:14 pm
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NEUTRAL IMPACT
MeiraGTx Holdings reported a larger-than-expected Q3 EPS loss but exceeded sales estimates, indicating mixed financial performance.
The EPS miss may negatively impact investor sentiment, while the sales beat could offset some of the negative impact. The improvement from last year's loss and sales growth are positive signs, but the miss on EPS is a significant metric for investors. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100