Cutera: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Cutera (NASDAQ:CUTR) reported Q4 earnings with a significant miss on estimated earnings by -45.0%, posting an EPS of $-1.36 against an estimate of $-0.94. Revenue also saw a decline, down $17.81 million from the same period last year. This follows a pattern of missed EPS estimates in previous quarters, with the last quarter's miss leading to a 43.0% drop in share price the next day.
March 21, 2024 | 8:50 pm
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Cutera reported a significant miss in Q4 earnings with an EPS of $-1.36 against an estimate of $-0.94, and a revenue decline of $17.81 million from the previous year.
Given Cutera's history of stock price decline following earnings misses, the significant miss in both EPS and revenue for Q4 suggests a likely negative short-term impact on CUTR's stock price. The pattern of missed estimates and subsequent share price drops in previous quarters further supports this analysis.
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