Iridex: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Iridex (NASDAQ:IRIX) reported Q4 earnings with an EPS of $-0.18, missing estimates by -260% and a revenue decrease of $2.74M from the previous year. Despite beating EPS estimates last quarter, this marks a significant miss.
March 26, 2024 | 8:30 pm
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NEGATIVE IMPACT
Iridex reported a significant miss in Q4 earnings with an EPS of $-0.18, underperforming estimates by -260%, and a year-over-year revenue decrease.
The significant miss in both EPS and revenue compared to estimates and the previous year's performance is likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings performance has influenced stock price movements, suggesting a similar outcome could occur following this earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100