PROCEPT BioRobotics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
PROCEPT BioRobotics (NASDAQ:PRCT) reported Q4 earnings with a -23.0% miss on estimated EPS, recording -$0.54 versus the -$0.44 estimate. Revenue increased by $19.80 million year-over-year. Despite the miss, past performance shows a positive trend in share price following earnings reports.
February 27, 2024 | 9:30 pm
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NEUTRAL IMPACT
PROCEPT BioRobotics reported a significant miss on Q4 earnings estimates but showed an increase in revenue year-over-year.
Although PRCT missed the EPS estimate by 23%, the increase in revenue and historical positive share price movement post-earnings suggest a neutral to slightly positive short-term impact. The miss is significant, but past performance indicates resilience in share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100