Recap: Codexis Q4 Earnings
Portfolio Pulse from Benzinga Insights
Codexis (NASDAQ:CDXS) reported Q4 earnings, beating estimated earnings by 17.0% with an EPS of $-0.1 versus an estimate of $-0.12. However, revenue was down $3.81 million from the same period last year. In the previous quarter, Codexis also beat EPS estimates which led to a 7% increase in share price the next day. The company has shown a mixed performance in past quarters with fluctuations in EPS and revenue.
February 28, 2024 | 9:35 pm
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Codexis reported a 17.0% higher EPS than estimated for Q4, but saw a decrease in revenue compared to last year. Previous quarters show a pattern of beating EPS estimates.
Codexis beating its earnings estimate by 17.0% is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price, similar to the 7% increase observed in the previous quarter following an earnings beat. However, the decrease in revenue could temper some of the positive sentiment, making the overall impact on the stock price positive but with some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100