Alphatec Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Alphatec Holdings (NASDAQ:ATEC) reported Q4 earnings with an EPS of $-0.37, missing estimates by -48.0% against an expected $-0.25. Revenue increased by $32.03 million from the same period last year. Despite missing EPS estimates last quarter, ATEC's share price increased by 5.0% the following day. The company has a history of missing EPS estimates but has shown revenue growth over the past quarters.
February 27, 2024 | 9:10 pm
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Alphatec Holdings reported a significant miss in Q4 earnings with an EPS of $-0.37, underperforming estimates by -48.0%. However, revenue growth was positive, showing an increase of $32.03 million from the previous year.
Although ATEC missed the EPS estimate significantly, the company has shown a pattern of revenue growth and resilience in share price following earnings misses. The positive revenue growth could mitigate the negative impact of the earnings miss on the stock price in the short term. Historical performance indicates that despite past earnings misses, the stock price has the potential to recover or even increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100