Nuwellis Q4 2023 GAAP EPS $(2.240) Misses $(1.390) Estimate, Sales $2.600M Beat $2.551M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuwellis reported Q4 2023 earnings with a GAAP EPS of $(2.240), missing the $(1.390) estimate, while sales of $2.600M exceeded the $2.551M estimate, marking an 11.16% increase from the previous year.
March 05, 2024 | 1:01 pm
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NEUTRAL IMPACT
Nuwellis missed EPS estimates but exceeded sales forecasts in Q4 2023, showing significant year-over-year sales growth.
While the EPS miss is negative, the sales beat and year-over-year growth are positive. The mixed results could lead to neutral short-term stock price movement as investors weigh the EPS miss against sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100