Establishment Labs Hldgs Q4 2023 GAAP EPS $(0.79) Beats $(0.92) Estimate, Sales $31.56M Beat $31.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Establishment Labs Holdings (ESTA) reported Q4 2023 GAAP EPS of $(0.79), surpassing the $(0.92) estimate. Sales reached $31.56M, slightly above the $31.45M forecast but marked a 27.97% decrease from the previous year.
February 28, 2024 | 9:01 pm
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ESTA reported a Q4 2023 EPS of $(0.79), beating estimates, with sales of $31.56M also surpassing expectations but showing a significant year-over-year decline.
The positive earnings surprise and slight sales beat could lead to short-term positive sentiment among investors. However, the significant year-over-year sales decline may raise concerns about long-term growth, potentially moderating the positive impact.
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