Recap: Verastem Q4 Earnings
Portfolio Pulse from Benzinga Insights
Verastem (NASDAQ:VSTM) reported Q4 earnings with a significant miss on estimated earnings by -77.0%, posting an EPS of $-1.1 against an estimate of $-0.62. Revenue remained unchanged from the same period last year. This follows a previous quarter where the company beat EPS estimates but experienced a 6.0% drop in share price the next day.
March 14, 2024 | 9:55 pm
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NEGATIVE IMPACT
Verastem's Q4 earnings report showed a significant miss on earnings estimates and no change in revenue from the previous year. The company had previously experienced a stock price drop following an earnings beat.
The significant miss on earnings estimates is likely to negatively impact investor confidence and could lead to a short-term decrease in stock price, similar to the previous quarter's reaction. The lack of revenue growth also adds to concerns about the company's growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100