MiMedx Group Q4 2023 Adj EPS $0.04 Misses $0.07 Estimate, Sales $86.83M Beat $85.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
MiMedx Group (MDXG) reported Q4 2023 adjusted EPS of $0.04, missing the $0.07 estimate, but sales of $86.83M exceeded the $85.05M estimate, marking a 16.75% increase from the previous year.
February 28, 2024 | 9:05 pm
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NEUTRAL IMPACT
MiMedx Group reported a mixed Q4 2023 with an EPS miss but a revenue beat, showing significant year-over-year sales growth.
The mixed earnings report from MiMedx Group, with an EPS miss but a revenue beat, presents a neutral short-term impact. While the EPS miss could concern investors about profitability, the significant sales growth and revenue beat could offset these concerns by indicating strong demand and operational success.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100