Inhibikase Therapeutics: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Inhibikase Therapeutics (NASDAQ:IKT) reported Q3 earnings with an EPS of $-0.86, beating estimates by 27.73% compared to the expected $-1.19. Revenue increased by $72 thousand from the same period last year. Previously, a miss on EPS resulted in a 6.02% share price drop the following day.
November 14, 2023 | 9:40 pm
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Inhibikase Therapeutics reported a better-than-expected Q3 EPS of $-0.86, beating estimates by 27.73%, with a revenue increase of $72 thousand from the same period last year.
Beating earnings estimates typically has a positive impact on stock prices in the short term. Given that IKT surpassed expectations by a significant margin and also reported increased revenue, this is likely to be viewed favorably by investors. However, the previous quarter's miss and subsequent stock price drop suggest that the stock may be sensitive to earnings performance, adding some uncertainty to the prediction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100