Recap: Largo Q4 Earnings
Portfolio Pulse from Benzinga Insights
Largo (NASDAQ:LGO) reported Q4 earnings with an EPS of $-0.21, missing estimates by -320.0% against an expected $-0.05. Revenue decreased by $3.33 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 7% drop in share price after last quarter's earnings miss.
March 21, 2024 | 9:55 pm
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NEGATIVE IMPACT
Largo's Q4 earnings miss and year-over-year revenue decline may negatively impact investor sentiment and stock price in the short term.
Historically, Largo's stock price has reacted negatively to earnings misses, as evidenced by the 7% drop following last quarter's miss. The significant miss in EPS estimates and the decrease in revenue compared to the previous year are likely to continue this trend, negatively impacting investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100