Recap: Elutia Q4 Earnings
Portfolio Pulse from Benzinga Insights
Elutia (NASDAQ:ELUT) reported Q4 earnings with an EPS of $-0.66, missing estimates by -136.0% and a revenue decrease of $6.79 million from the previous year. Despite beating EPS estimates last quarter, this marks a significant downturn.
March 07, 2024 | 9:25 pm
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Elutia reported a significant miss in Q4 earnings with an EPS of $-0.66, far below the estimated $-0.28, and a notable decrease in revenue compared to last year.
The significant miss in earnings estimates and the decrease in revenue compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term. Historically, the company's stock price increased by 12.0% the day after beating EPS estimates last quarter, indicating that earnings reports have a notable impact on stock price movements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100