Recap: Stereotaxis Q4 Earnings
Portfolio Pulse from Benzinga Insights
Stereotaxis (AMEX:STXS) reported its Q4 earnings with an EPS of $-0.07, matching the estimated EPS but missing on revenue by $2.74 million compared to the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 3.0% drop in share price the following day.
March 04, 2024 | 9:10 pm
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Stereotaxis reported Q4 earnings with an EPS of $-0.07, in line with estimates, but saw a revenue decline of $2.74 million from the previous year. Historical data shows missed EPS estimates have previously resulted in a share price drop.
Given Stereotaxis's history of missing EPS estimates and the subsequent negative impact on its share price, the reported revenue decline and matched EPS estimate could likely lead to a short-term negative impact on the stock price. The pattern of financial performance and market reaction suggests a cautious outlook for investors.
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