Arvinas Q4 EPS $(2.53) Misses $(1.28) Estimate; Cash Balance Of $1,266.5M Is Expected To Provide Cash Runway Into 2027
Portfolio Pulse from Benzinga Newsdesk
Arvinas Inc. (ARVN) reported a Q4 EPS loss of $2.53, missing the consensus estimate of $1.28 by 97.66%. This represents a 62.18% increase in losses compared to the same period last year. The company's cash balance of $1,266.5M is expected to provide a cash runway into 2027.
February 27, 2024 | 12:18 pm
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Arvinas Inc. reported a significant miss in Q4 EPS, with losses widening compared to the previous year. However, the company maintains a strong cash position expected to last into 2027.
The significant miss in EPS estimates and the increase in losses year-over-year are likely to negatively impact investor sentiment in the short term. However, the substantial cash reserve may provide some buffer against the negative earnings report, indicating a mixed but predominantly negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100