Emergent BioSolutions: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Emergent BioSolutions (NYSE:EBS) reported Q4 earnings with an EPS of $-0.77, missing estimates by -305.0% and a revenue decrease of $54.10 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 3.0% share price drop after last quarter's earnings miss.
March 06, 2024 | 9:50 pm
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Emergent BioSolutions reported significantly lower Q4 earnings than expected, with a -305.0% miss on EPS estimates and a year-over-year revenue decrease.
The substantial miss in EPS estimates and the decrease in revenue compared to the previous year are strong indicators of potential negative short-term impact on EBS's stock price. Historical data shows a 3.0% drop in share price following last quarter's earnings miss, suggesting a pattern that could repeat.
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