Recap: CytoSorbents Q4 Earnings
Portfolio Pulse from Benzinga Insights
CytoSorbents (NASDAQ:CTSO) reported Q4 earnings with an EPS of $-0.12, beating estimates by 14% but with a revenue decrease of $691k from the previous year. Despite missing EPS estimates in Q3 2023, the share price increased by 1% the following day. The company's past earnings performance shows a mixed trend in meeting EPS estimates and fluctuating revenues.
March 14, 2024 | 9:05 pm
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CytoSorbents reported better-than-expected Q4 earnings with an EPS of $-0.12, surpassing estimates by 14%, despite a revenue decrease from the previous year.
The positive earnings surprise, beating estimates by 14%, could lead to a short-term positive sentiment among investors, potentially increasing the stock price. However, the decrease in revenue year-over-year might temper some of the optimism. Historical data shows that despite missing EPS estimates in the past, the stock price increased, indicating a potentially resilient investor sentiment towards CTSO.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100