Recap: Evolus Q4 Earnings
Portfolio Pulse from Benzinga Insights
Evolus (NASDAQ:EOLS) reported Q4 earnings with an EPS of $-0.21, missing estimates by -200.0% against an expected $-0.07. Revenue increased by $17.35 million from the same period last year. Despite past earnings misses, the company's share price increased by 8.0% the day after last quarter's earnings were announced.
March 07, 2024 | 9:50 pm
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Evolus reported a significant miss in Q4 earnings with an EPS of -$0.21, far below the expected -$0.07, but showed a revenue increase of $17.35 million from the previous year.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have been followed by share price increases, but the -200% miss this quarter is substantial and may not follow the same pattern.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100