Harrow: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Harrow (NASDAQ:HROW) reported Q4 earnings with an EPS of $-0.2, missing estimates by -400.0% against an expected $-0.04. Revenue increased by $16.03 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, with a significant 36.0% drop in share price following last quarter's earnings miss.
March 19, 2024 | 9:40 pm
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NEGATIVE IMPACT
Harrow's Q4 earnings report showed a significant miss on EPS estimates and a notable increase in revenue from the previous year. Historical data indicates a negative reaction in share price following earnings misses.
Given Harrow's history of share price decline following earnings misses, the significant miss reported in Q4 is likely to negatively impact the stock price in the short term. The increase in revenue may not be sufficient to offset the negative sentiment around the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100