Inotiv: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Inotiv (NASDAQ:NOTV) reported Q4 earnings with an EPS of $-0.38, missing estimates by 15.15% against the expected $-0.33. Revenue decreased by $9.73 million compared to the same period last year. The previous quarter's earnings beat led to a 35.63% drop in share price the following day. Historical earnings performance shows mixed results over the past four quarters.
December 11, 2023 | 9:15 pm
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NEGATIVE IMPACT
Inotiv reported a larger than expected loss per share in Q4 and a decrease in revenue compared to last year. Historical data suggests a potential negative reaction in the stock price following earnings reports.
Given the earnings miss and the historical stock price drop following the previous quarter's earnings beat, it is likely that Inotiv's stock price will experience short-term negative pressure. Investors may react unfavorably to the missed earnings and reduced revenue, potentially leading to a decline in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100