Recap: Paragon 28 Q4 Earnings
Portfolio Pulse from Benzinga Insights
Paragon 28 (NYSE:FNA) reported Q4 earnings with an EPS of $-0.17, missing estimates by -89.0% against an expected $-0.09. Revenue increased by $9.05 million from the previous year. Historically, the company's share price dropped 7% the day after missing EPS estimates last quarter. Paragon 28 has had a consistent pattern of not meeting EPS estimates over the past year.
February 29, 2024 | 9:20 pm
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NEGATIVE IMPACT
Paragon 28 reported a significant miss in Q4 earnings with an EPS of -$0.17, far below the estimated -$0.09, although revenue increased by $9.05 million from the previous year.
Given the significant miss in EPS estimates and the historical context of a 7% share price drop following last quarter's earnings miss, it's likely that FNA's share price will experience a short-term decline. The consistent pattern of not meeting EPS estimates over the past year further supports this expectation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100