Recap: Alector Q4 Earnings
Portfolio Pulse from Benzinga Insights
Alector (NASDAQ:ALEC) reported Q4 earnings with an EPS of $-0.49, beating estimates by 36.0% against an expected $-0.77. Revenue increased by $750 thousand from the previous year. Despite beating EPS estimates in the past, Alector's share price dropped by 7% the day after last quarter's earnings were announced.
February 27, 2024 | 9:50 pm
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NEUTRAL IMPACT
Alector reported a significant beat on Q4 earnings with an EPS of $-0.49 against estimates of $-0.77 and saw a revenue increase of $750 thousand YOY.
Alector's Q4 earnings beat and revenue increase are positive indicators, but historical data shows that past earnings beats have not consistently led to positive short-term stock price movements. Given this mixed historical reaction, the short-term impact on ALEC's stock price is uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100