Glaukos: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Glaukos (NYSE:GKOS) reported Q4 earnings with an EPS of $-0.63, missing estimates by 14.55% against an expected $-0.55. Revenue increased by $11.14 million from the same period last year. In the previous quarter, Glaukos beat EPS estimates but saw a 7.58% drop in share price the following day.
February 21, 2024 | 9:15 pm
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Glaukos reported a Q4 EPS of $-0.63, missing estimates by 14.55%, with a revenue increase of $11.14 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 7.58% the next day.
The missed earnings estimate for Q4, combined with the historical context of a share price drop following a previous earnings beat, suggests a potential short-term negative impact on GKOS's stock price. The increase in revenue indicates some positive aspects, but the missed EPS estimate is likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100