Recap: Xencor Q4 Earnings
Portfolio Pulse from Benzinga Insights
Xencor (NASDAQ:XNCR) reported Q4 earnings with an EPS of $-0.31, missing estimates by -244.0% against an expected $-0.09. Revenue increased by $23.08 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 7% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.
February 27, 2024 | 9:15 pm
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Xencor reported a significant miss in Q4 earnings with an EPS of $-0.31, far below the estimated $-0.09, but showed an increase in revenue from the previous year.
The significant miss in earnings per share (EPS) compared to estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in Xencor's stock price, similar to the post-earnings drop observed in the previous quarter. However, the increase in revenue might offset some of the negative impact.
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IMPORTANCE 90
RELEVANCE 100