Rallybio Q4 EPS $(0.50) Misses $(0.46) Estimate
Portfolio Pulse from Happy Mohamed
Rallybio reported a Q4 EPS loss of $(0.50), missing the consensus estimate of $(0.46) by 8.7%. This represents an 8.7% increase in losses compared to the same period last year.
March 12, 2024 | 12:12 pm
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NEGATIVE IMPACT
Rallybio's Q4 earnings report showed a larger loss than expected, missing analyst estimates.
Missing earnings estimates, especially with an increased loss compared to the previous year, typically results in negative investor sentiment and can lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100