Cutera Q4 2023 Adj EPS $(1.36) Misses $(0.94) Estimate, Sales $49.540M Beat $47.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cutera reported Q4 2023 adjusted EPS of $(1.36), missing the $(0.94) estimate, but sales of $49.540M exceeded the $47.500M estimate. This represents a 26.45% decrease in sales compared to the same period last year.
March 21, 2024 | 8:45 pm
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NEGATIVE IMPACT
Cutera's Q4 2023 earnings report showed a significant miss on adjusted EPS but a slight beat on sales estimates, with a notable year-over-year decrease in sales.
The significant miss on the EPS estimate and the year-over-year decrease in sales are likely to negatively impact investor sentiment towards CUTR in the short term. Although the sales beat might offer some positive outlook, the overall negative earnings report could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100