Akero Therapeutics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Akero Therapeutics (NASDAQ:AKRO) reported Q4 earnings with an EPS of $-0.99, missing estimates by -15.0% compared to the expected $-0.86. Revenue remained unchanged from the same period last year. Despite missing EPS estimates last quarter followed by a 5.0% share price increase the next day, this quarter's performance could influence investor sentiment.
February 29, 2024 | 12:55 pm
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NEGATIVE IMPACT
Akero Therapeutics reported a Q4 EPS of $-0.99, missing estimates by -15.0%, with revenue unchanged from the previous year.
Missing the EPS estimate by -15.0% could negatively impact investor sentiment towards AKRO in the short term, especially considering the unchanged revenue. Historical context shows a previous miss led to a share price increase, but consistent misses may erode investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100