BioCardia Q4 EPS $(0.09) Beats $(0.11) Estimate, Sales $13.00K Miss $90.00K Estimate
Portfolio Pulse from dijoy@benzinga.com
BioCardia (NASDAQ:BCDA) reported Q4 earnings with a per-share loss of $(0.09), beating the $(0.11) estimate, marking an 18.18% improvement. However, their quarterly sales of $13.00K fell short of the $90.00K estimate by 85.56%, representing an 87.74% decrease from the previous year.
March 27, 2024 | 8:06 pm
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NEUTRAL IMPACT
BioCardia reported better-than-expected Q4 EPS but significantly missed sales estimates, indicating mixed financial health.
While the EPS beat may provide some positive sentiment, the significant miss on sales forecasts could raise concerns about the company's revenue generation capabilities and overall financial health. This mixed result makes the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100