Establishment Labs Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Establishment Labs Holdings (NASDAQ:ESTA) reported Q4 earnings, beating estimated EPS by 13.0% with an EPS of $-0.79 versus an estimate of $-0.91. However, revenue was down $12.25 million from the same period last year. In the previous quarter, the company missed EPS estimates by $0.32, leading to a 23.0% drop in share price the following day. The report provides a comparison of EPS and revenue estimates versus actuals for the past four quarters.
February 28, 2024 | 9:05 pm
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NEUTRAL IMPACT
Establishment Labs Holdings reported a better-than-expected Q4 EPS but saw a decrease in revenue compared to last year. Previous quarter's EPS miss resulted in a significant stock price drop.
While the EPS beat may provide some positive sentiment, the decrease in revenue and the historical context of how the stock reacted to the previous quarter's miss suggest a mixed short-term impact. The positive EPS surprise could offset concerns about revenue declines to some extent, but investors may remain cautious given the recent history.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100