Incyte Q4 Adj EPS $1.06 Misses $1.16 Estimate, Sales $1.01B Beat $1.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Incyte (NASDAQ:INCY) reported Q4 adjusted earnings of $1.06 per share, missing the consensus estimate of $1.16 by 8.62%. However, their quarterly sales of $1.01 billion exceeded the $1.00 billion estimate by 1.30%, marking a 9.31% increase from the previous year.
February 13, 2024 | 12:05 pm
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NEUTRAL IMPACT
Incyte's Q4 earnings per share fell short of expectations, but sales exceeded estimates and showed significant year-over-year growth.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, potentially putting downward pressure on the stock price. However, the beat on sales and the significant year-over-year growth in both earnings and sales could counterbalance the negative impact of the EPS miss. This mixed result makes the short-term price direction uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100