Arvinas: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Arvinas (NASDAQ:ARVN) reported Q4 earnings with a significant miss, posting an EPS of $-2.53 against an estimate of $-1.28, marking a -98.0% deviation. Revenue also saw a substantial decrease, down $81.10 million from the previous year. This follows a pattern of fluctuating performance in past quarters, with the last quarter showing a beat on EPS estimates but a subsequent 7% drop in share price.
February 27, 2024 | 1:50 pm
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Arvinas reported a significant miss in Q4 earnings with an EPS of $-2.53 against an estimate of $-1.28 and a substantial decrease in revenue. This performance may concern investors, given the company's past fluctuations in earnings and the subsequent impact on share price.
The significant miss in both EPS and revenue for Arvinas in Q4, compared to estimates and previous year's performance, suggests a negative short-term impact on the stock price. Historical data shows that past earnings performance has influenced the stock's price movement, such as the 7% drop following the last quarter's earnings beat. Given the magnitude of the miss in this quarter, a negative reaction in the short term is likely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100