Clarus: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Clarus (NASDAQ:CLAR) reported Q4 earnings with an EPS of $-0.07, missing estimates by -178% and a significant revenue drop from the previous year. This follows a pattern of missed EPS estimates in previous quarters, leading to a 12% share price drop after last quarter's earnings.
March 07, 2024 | 9:50 pm
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Clarus reported significantly lower Q4 earnings than expected, with a -178% deviation from EPS estimates and a notable year-over-year revenue decrease.
The substantial miss in both EPS and revenue, especially following a pattern of missed estimates in previous quarters, is likely to negatively impact investor confidence and could lead to a short-term decrease in stock price, similar to the 12% drop observed after the last quarter's earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100