Recap: OmniAb Q4 Earnings
Portfolio Pulse from Benzinga Insights
OmniAb (NASDAQ:OABI) reported Q4 earnings with an EPS of $-0.14, beating estimates by 7%, but saw a revenue decrease of $30.52M from the previous year. This follows a pattern of missed EPS estimates in prior quarters, with varying revenue performance.
March 20, 2024 | 8:20 pm
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OmniAb reported a Q4 EPS of $-0.14, surpassing estimates by 7%, despite a significant year-over-year revenue drop of $30.52M.
While OmniAb beat EPS estimates, the significant revenue drop could concern investors. Past performance shows a sensitivity in share price to earnings reports. The mixed results may lead to cautious optimism or neutrality among investors.
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