Biote: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Biote (NASDAQ:BTMD) reported Q4 earnings with an EPS of $0.18, surpassing the estimate of $0.08 by 125%. Revenue increased by $1.22 million year-over-year. Despite beating EPS estimates in the past, such as in Q3 2023, the share price dropped 24% the following day.
March 12, 2024 | 8:15 pm
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POSITIVE IMPACT
Biote reported a significant beat on Q4 earnings, with an EPS of $0.18 against an estimate of $0.08 and a revenue increase of $1.22M YoY.
Biote's substantial beat on earnings and revenue growth suggests a positive short-term impact on its stock price. However, historical context shows that past earnings beats were followed by a significant drop in share price the next day, indicating potential volatility. The confidence score reflects this uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100