Recap: Seer Q4 Earnings
Portfolio Pulse from Benzinga Insights
Seer (NASDAQ:SEER) reported Q4 earnings with an EPS of $-0.28, beating estimates by 24.0% but with a revenue decrease of $166 thousand from the previous year. Despite beating EPS estimates in the past, such outcomes have previously led to a 5.0% drop in share price the following day.
February 29, 2024 | 9:30 pm
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NEGATIVE IMPACT
Seer reported a Q4 EPS of $-0.28, surpassing estimates by 24%, but saw a revenue decline of $166K from last year. Historically, beating EPS estimates has been followed by a share price drop.
Seer's Q4 earnings beat may initially seem positive, but the company's history shows that beating EPS estimates has previously led to a decrease in share price the following day. Additionally, the revenue decline could further concern investors, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100