Check-Cap: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Check-Cap (NASDAQ:CHEK) reported Q3 earnings with an EPS of $-0.44, missing estimates by 51.72% compared to the expected $-0.29. Revenue was unchanged from the same period last year. Despite missing EPS last quarter, CHEK's share price increased by 3.86% the following day.
November 27, 2023 | 1:25 pm
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Check-Cap reported a significant miss in Q3 earnings with an EPS of $-0.44, which was 51.72% below the estimated $-0.29. Revenue remained the same as the previous year.
The significant miss in earnings estimates is likely to negatively impact investor sentiment in the short term. Historically, earnings misses can lead to a decline in stock price. However, the previous quarter's miss was followed by a share price increase, which adds some uncertainty to the prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100