SI-BONE Q4 2023 GAAP EPS $(0.27) Misses $(0.26) Estimate, Sales $38.86M Beat $37.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
SI-BONE (NASDAQ:SIBN) reported Q4 2023 earnings with a GAAP EPS of $(0.27), missing the $(0.26) estimate by 3.85%. However, their sales of $38.86M exceeded the $37.61M estimate by 3.31%, marking a 21.61% increase from the same period last year.
February 26, 2024 | 9:24 pm
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NEUTRAL IMPACT
SI-BONE reported a mixed Q4 2023 with an EPS miss but a sales beat, showing strong year-over-year sales growth.
The EPS miss might concern some investors, potentially putting downward pressure on the stock. However, the significant sales beat and strong year-over-year growth could offset concerns and signal underlying strength in the company's operations. The mixed results make the short-term impact neutral as positive sales performance could balance out the negative sentiment from the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100