MeiraGTx Hldgs: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
MeiraGTx Holdings (NASDAQ:MGTX) reported Q3 earnings with an EPS of $-0.74, missing estimates by 34.55% against the expected $-0.55. Revenue increased by $287 thousand compared to the same period last year. In the previous quarter, the company had beaten EPS estimates which led to a 1.17% rise in share price the following day.
November 14, 2023 | 2:35 pm
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NEGATIVE IMPACT
MeiraGTx Holdings reported lower than expected Q3 earnings with an EPS miss of 34.55%, but showed a revenue increase from the previous year.
Missing earnings estimates typically results in negative investor sentiment and can lead to a decrease in stock price. However, the increase in revenue may offset some negative impact. Historical data shows a positive reaction to the previous quarter's EPS beat, but the current miss is likely to have a more immediate negative effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100