Everspin Technologies: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Everspin Technologies (NASDAQ:MRAM) reported Q4 earnings with an EPS of $0.09, missing estimates by -25.0% against an expected $0.12. Revenue increased by $1.01 million from the previous year. The company's past earnings performance shows a pattern of mixed results, with the last quarter's miss leading to an 11.0% drop in share price the following day.
February 28, 2024 | 9:05 pm
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NEGATIVE IMPACT
Everspin Technologies reported a Q4 EPS of $0.09, missing estimates by -25.0%, with a revenue increase of $1.01 million from the previous year. Historical data shows past misses have negatively impacted share price.
Given Everspin Technologies' history of share price drops following earnings misses, the Q4 miss by -25.0% in EPS is likely to negatively impact the stock in the short term. The increase in revenue may provide some buffer, but the historical trend suggests a potential decrease in share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100