Recap: scPharmaceuticals Q4 Earnings
Portfolio Pulse from Benzinga Insights
scPharmaceuticals (NASDAQ:SCPH) reported Q4 earnings with an EPS of $-0.35, beating estimates by 17.0% and showing a revenue increase of $6.10 million from the previous year. However, the company had missed EPS estimates in the last quarter, leading to a 9.0% share price drop the following day.
March 13, 2024 | 8:10 pm
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POSITIVE IMPACT
scPharmaceuticals reported a positive Q4 earnings surprise with a 17.0% beat on EPS estimates and a significant year-over-year revenue increase.
The positive earnings report, with a beat on EPS estimates and a revenue increase, is likely to instill investor confidence and potentially lead to a short-term stock price increase. This is especially significant considering the stock's previous drop after missing EPS estimates last quarter, indicating a potential recovery and positive momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100