SoundThinking: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SoundThinking (NASDAQ:SSTI) reported Q4 earnings with an EPS of $-0.1, missing estimates by -300.0% against an expected $0.05. Revenue increased by $5.05 million year-over-year. Despite missing EPS estimates last quarter, SSTI's share price increased by 9.0% the following day. Historical performance shows a pattern of missed EPS estimates but varying revenue outcomes.
February 27, 2024 | 9:20 pm
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SoundThinking reported a significant miss in Q4 earnings with an EPS of $-0.1 against an expected $0.05, but showed an increase in revenue by $5.05 million from the previous year.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have been followed by share price increases, but the -300% miss is substantial and may outweigh the positive revenue news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100