Recap: 23andMe Holding Q3 Earnings
Portfolio Pulse from Benzinga Insights
23andMe Holding (NASDAQ:ME) reported Q3 earnings with an EPS of $-0.16, missing estimates by 14.29% and showing a revenue decrease of $22.19 million from the previous year. The company has a history of missing EPS estimates, which previously led to a significant drop in share price.
February 07, 2024 | 9:15 pm
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23andMe reported a Q3 EPS of $-0.16, missing estimates by 14.29%, with a significant year-over-year revenue decrease. Historical performance shows a tendency for the stock price to drop following earnings misses.
Given 23andMe's history of stock price decline following earnings misses, the Q3 report showing both an EPS miss and a significant revenue decrease suggests a likely negative short-term impact on the stock price. The pattern of missing EPS estimates and the subsequent market reactions provide a basis for predicting a similar outcome.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100