Recap: DocGo Q4 Earnings
Portfolio Pulse from Benzinga Insights
DocGo (NASDAQ:DCGO) reported Q4 earnings with an EPS of $0.07, missing estimates by -30.0% against an expected $0.1. Revenue increased by $90.45 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 5.0% the following day.
February 28, 2024 | 9:55 pm
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DocGo reported a Q4 EPS of $0.07, missing the $0.1 estimate by -30.0%, but saw a significant year-over-year revenue increase.
Despite missing the EPS estimate, the significant increase in revenue year-over-year and historical context of the stock price increasing by 5.0% the day after last quarter's earnings miss suggest a neutral to potentially positive short-term impact on DCGO's stock price. Investors may focus on the revenue growth and past resilience in stock performance post-earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100