Staar Surgical Q4 EPS $0.16 Misses $0.17 Estimate, Sales $76.27M Beat $75.89M Estimate
Portfolio Pulse from Happy Mohamed
Staar Surgical (NASDAQ:STAA) reported Q4 earnings of $0.16 per share, missing the consensus estimate of $0.17. However, their quarterly sales of $76.27M exceeded the estimate of $75.89M, marking a 19.09% increase from the previous year.
February 26, 2024 | 9:02 pm
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NEUTRAL IMPACT
Staar Surgical's Q4 EPS of $0.16 missed estimates by 5.88%, but sales of $76.27M beat expectations, showing a 19.09% increase from last year.
While the earnings per share (EPS) miss might initially concern investors, the significant sales growth and beat on revenue estimates could offset concerns and suggest underlying strength in the company's operations. The mixed results present a neutral short-term outlook as investors weigh the EPS miss against strong sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100