Recap: ITeos Therapeutics Q4 Earnings
Portfolio Pulse from Benzinga Insights
ITeos Therapeutics (NASDAQ:ITOS) reported Q4 earnings, beating estimates by 17.0% with an EPS of $-0.85 against an expected $-1.03. However, revenue decreased by $53 thousand compared to the same period last year. Despite beating EPS estimates last quarter, the company's share price dropped by 7% the following day.
March 06, 2024 | 2:00 pm
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NEGATIVE IMPACT
ITeos Therapeutics reported a Q4 earnings beat but saw a decrease in revenue compared to last year. Despite past earnings beats, share price dropped significantly the following day.
The positive earnings beat by ITeos Therapeutics is overshadowed by the decrease in revenue and the historical context of a share price drop following the last earnings beat. This pattern suggests a potential short-term negative impact on ITOS's stock price, as investors may focus on the revenue decline and past price reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100