Seer Q4 2023 GAAP EPS $(0.280) Beats $(0.380) Estimate, Sales $4.438M Beat $4.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seer (NASDAQ:SEER) reported Q4 2023 earnings with a smaller loss per share of $(0.280) than expected, beating the $(0.380) estimate by 26.32%. Year-over-year, this represents a 22.22% improvement in losses per share. Quarterly sales of $4.438 million also surpassed expectations of $4.050 million by 9.58%, despite a 3.61% decrease from the previous year's sales of $4.604 million.
February 29, 2024 | 9:28 pm
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POSITIVE IMPACT
Seer reported a smaller than expected Q4 2023 loss and higher sales, indicating a positive performance trend.
Seer's better-than-expected quarterly performance, with a significant beat on both EPS and sales estimates, suggests a positive outlook for the company. The improvement in losses per share compared to the previous year and the sales exceeding analyst expectations are likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100