Prenetics Global Q3 EPS $(0.05) Beats $(0.06) Estimate, Sales $4.87M May Not Be Comparable To $18.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prenetics Global (NASDAQ:PRE) reported Q3 EPS of $(0.05), surpassing the $(0.06) estimate, but experienced a significant decrease from last year's $0.30 per share. Quarterly sales were $4.87M, falling short of the $18.14M estimate, yet marking a 13.29% increase from the previous year.
November 20, 2023 | 11:12 am
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NEGATIVE IMPACT
Prenetics Global reported a smaller-than-expected Q3 loss per share but missed revenue estimates by a wide margin, with a significant year-over-year decrease in earnings.
While the EPS beat may provide some positive sentiment, the substantial miss on revenue estimates and the stark decrease in earnings compared to the previous year are likely to have a negative impact on investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100