Recap: Longeveron Q4 Earnings
Portfolio Pulse from Benzinga Insights
Longeveron (NASDAQ:LGVN) reported Q4 earnings with an EPS of $-0.25, missing estimates by -19.0% and showing a revenue decrease of $58 thousand from the previous year. This follows a pattern of missed EPS estimates in previous quarters, which has historically led to a drop in share price.
February 27, 2024 | 9:40 pm
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Longeveron missed Q4 earnings estimates with an EPS of $-0.25 and reported a revenue decrease, continuing a trend of missed estimates.
Given Longeveron's history of missing EPS estimates and the subsequent negative impact on its share price, it's likely that this earnings miss will also lead to a short-term decrease in stock price. The consistent pattern of underperformance in earnings could further erode investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100