Equillium: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Equillium (NASDAQ:EQ) reported Q4 earnings with an EPS of $-0.07, beating estimates by 59.0% but with a revenue decrease of $6.55 million from the previous year. Despite beating EPS estimates, past performance shows a 5.0% drop in share price following last quarter's earnings beat.
March 25, 2024 | 9:35 pm
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NEGATIVE IMPACT
Equillium reported a significant beat on Q4 EPS estimates but saw a decrease in revenue compared to last year. Historical data indicates a potential drop in share price following earnings announcements.
Equillium's beat on EPS estimates is positive, but the decrease in revenue and historical share price drop post-earnings suggest a potential short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100