Venus Concept Q3 EPS $(1.64) Misses $(1.51) Estimate, Sales $17.62M Beat $17.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Venus Concept (NASDAQ:VERO) reported Q3 earnings with a loss of $(1.64) per share, missing the $(1.51) estimate, but sales of $17.62M exceeded the $17.46M estimate. The EPS miss represents an 8.61% deviation from expectations, while the sales beat is a marginal 0.89% above the estimate. Compared to last year, the loss per share improved by 50.3%, but sales saw an 18.21% decline from $21.54M.

November 14, 2023 | 9:55 pm
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NEGATIVE IMPACT
Venus Concept's Q3 earnings showed a larger-than-expected loss per share but a slight beat on revenue estimates. Year-over-year, EPS has improved, but revenues have declined.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, as it suggests the company is underperforming analyst expectations on profitability. However, the slight beat on sales may provide some positive sentiment. The improvement in EPS compared to last year indicates progress, but the decline in sales could raise concerns about growth, potentially leading to a negative short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100