PetIQ: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
PetIQ (NASDAQ:PETQ) reported Q4 earnings with a significant beat on estimated earnings by 59.0%, posting an EPS of $-0.12 against an estimate of $-0.29. Revenue increased by $35.85 million from the same period last year. Despite beating EPS estimates in the past, such performance was previously followed by a 3.0% drop in share price the next day.
February 28, 2024 | 9:40 pm
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NEUTRAL IMPACT
PetIQ reported a significant beat on Q4 earnings estimates with an EPS of $-0.12 versus an estimate of $-0.29 and a revenue increase of $35.85 million YOY.
While PetIQ's earnings beat is significant, historical data shows that past earnings beats were followed by a drop in share price the next day. This mixed signal suggests a neutral short-term impact on PETQ's stock price, as investors may react positively to the earnings beat but remain cautious due to past performance trends.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100