Recap: Aterian Q4 Earnings
Portfolio Pulse from Benzinga Insights
Aterian (NASDAQ:ATER) reported Q4 earnings, beating estimated EPS by 23.0% with an EPS of $-0.1 versus an estimate of $-0.13. However, revenue decreased by $22.15 million from the same period last year. In the previous quarter, Aterian also surpassed EPS estimates, which led to a 3.0% increase in share price the following day.
March 12, 2024 | 8:40 pm
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POSITIVE IMPACT
Aterian reported a significant beat on its Q4 EPS estimates but saw a decrease in revenue compared to the same period last year.
Aterian's beat on EPS estimates is likely to positively impact investor sentiment in the short term, as historical data shows a positive stock price movement following an earnings beat last quarter. However, the decrease in revenue year-over-year could temper some of the positive momentum, making the overall short-term impact likely positive but with caution due to revenue concerns.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100