AvePoint: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
AvePoint (NASDAQ:AVPT) reported Q4 earnings with an EPS of $0.02, missing estimates by -33.0% against an expected $0.03. Revenue increased by $11.02 million from the same period last year. Despite missing EPS estimates last quarter, AvePoint's share price increased by 11.0% the following day. Historical performance shows a pattern of missed EPS estimates but increasing revenues.
February 29, 2024 | 9:25 pm
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AvePoint reported Q4 earnings with an EPS miss but an increase in revenue. Historical data shows resilience in share price despite past misses.
AvePoint's Q4 earnings report shows a significant miss in EPS estimates but an increase in revenue compared to the same period last year. Historically, despite missing EPS estimates, AvePoint's share price increased by 11.0% the day after last quarter's earnings announcement. This pattern suggests that while the EPS miss might be seen negatively, the increase in revenue and historical resilience of the share price could mitigate short-term negative impacts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100