Recap: Myomo Q4 Earnings
Portfolio Pulse from Benzinga Insights
Myomo (AMEX:MYO) reported Q4 earnings with an EPS of $-0.07, missing estimates by -17.0% against an expected $-0.06. Revenue increased by $714 thousand from the previous year. Despite the miss, past performance shows a positive trend in beating EPS estimates and subsequent share price increases.
March 07, 2024 | 9:30 pm
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NEUTRAL IMPACT
Myomo reported a Q4 EPS of $-0.07, missing estimates by -17.0%, but showed revenue growth of $714K from the previous year. Historical data indicates a potential for share price recovery post-earnings miss.
Despite missing the EPS estimate for Q4, Myomo has shown a pattern of recovering share prices following earnings announcements. The revenue growth compared to the previous year also adds a positive aspect to the financial health of the company. However, the immediate impact on the stock price might be neutral due to the mixed results of missing EPS estimates but showing revenue growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100