Absci: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Absci (NASDAQ:ABSI) reported Q4 earnings with an EPS of $-0.25, missing estimates by -4.0% and showing a revenue decrease of $1.22 million from the previous year. Despite past earnings misses, the share price increased by 0.0% the day after last quarter's earnings were announced.
March 21, 2024 | 2:55 pm
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NEGATIVE IMPACT
Absci reported a Q4 EPS of $-0.25, missing estimates by 4%, with a year-over-year revenue decrease of $1.22 million.
The missed earnings estimate and year-over-year revenue decrease are likely to negatively impact investor sentiment in the short term, potentially leading to a decrease in stock price. Historical data shows a slight increase in share price following last quarter's earnings miss, but the consistent underperformance could erode investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100