Recap: PLAYSTUDIOS Q4 Earnings
Portfolio Pulse from Benzinga Insights
PLAYSTUDIOS (NASDAQ:MYPS) reported Q4 earnings with an EPS of $-0.15, missing estimates by -650.0% and a revenue decrease of $2.27 million from the previous year. The company's past earnings performance shows a mixed trend with a notable 10.0% drop in share price following last quarter's earnings beat.
March 11, 2024 | 8:20 pm
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NEGATIVE IMPACT
PLAYSTUDIOS reported significantly lower Q4 earnings than expected, with an EPS of $-0.15 versus an estimate of $-0.02, and a year-over-year revenue decrease.
The significant miss in earnings estimates and the decrease in revenue year-over-year are likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows a 10% drop in share price following last quarter's earnings beat, indicating sensitivity to earnings reports.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100