Recap: Evoke Pharma Q4 Earnings
Portfolio Pulse from Benzinga Insights
Evoke Pharma (NASDAQ:EVOK) reported Q4 earnings with an EPS of $-0.59, missing estimates by -18.0% against an expected $-0.5. Revenue increased by $880 thousand from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 2.0% the following day. The company's past earnings performance shows a mixed trend of beating and missing EPS estimates.
March 14, 2024 | 8:35 pm
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Evoke Pharma reported a Q4 EPS of $-0.59, missing estimates by -18.0%, with revenue up $880K from last year. Past performance shows volatility in stock price post-earnings.
The missed earnings estimate by -18.0% is likely to negatively impact investor sentiment in the short term, considering the historical volatility in EVOK's stock price following earnings announcements. The increase in revenue may not fully offset the negative perception of the earnings miss.
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IMPORTANCE 90
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