Xencor Q4 2023 GAAP EPS $(0.31) Misses $(0.09) Estimate, Sales $44.69M Miss $73.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xencor (NASDAQ:XNCR) reported Q4 2023 GAAP EPS of $(0.31), missing the $(0.09) estimate, with sales of $44.69M also missing the $73.84M estimate. Despite this, sales increased 106.80% from the same period last year.
February 27, 2024 | 9:12 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Xencor reported a significant miss in both EPS and sales for Q4 2023, with EPS missing estimates by 244.44% and sales missing by 39.48%, despite a notable year-over-year sales increase.
The significant miss in both EPS and sales estimates for Q4 2023 is likely to negatively impact investor sentiment towards XNCR in the short term. Despite the year-over-year increase in sales, the misses on key financial metrics can lead to a decrease in stock price as they reflect underperformance compared to market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100