Recap: MeiraGTx Hldgs Q4 Earnings
Portfolio Pulse from Benzinga Insights
MeiraGTx Holdings (NASDAQ:MGTX) reported Q4 earnings with an EPS of $0.42, surpassing the estimated -$0.11 by 482%. Revenue increased by $7.33 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 2% the following day.
March 14, 2024 | 9:50 pm
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MeiraGTx Holdings reported a significant earnings beat for Q4, with an EPS of $0.42 against an expected -$0.11, and a revenue increase of $7.33 million from the previous year.
The substantial beat on both earnings and revenue expectations for MeiraGTx Holdings is likely to positively impact investor sentiment and the stock price in the short term. Historically, the company's stock price increased by 2% the day after missing EPS estimates last quarter, indicating a positive market reaction to earnings announcements. The magnitude of the beat this quarter suggests a potentially stronger positive reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100