Celcuity Q4 EPS $(0.61) Beats $(0.73) Estimate
Portfolio Pulse from dijoy@benzinga.com
Celcuity Inc. (NASDAQ:CELC) reported a Q4 EPS loss of $0.61, surpassing the analyst consensus estimate of a $0.73 loss by 16.44%. This represents a slight increase in losses from the $0.60 loss per share reported in the same quarter last year.
March 27, 2024 | 8:14 pm
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Celcuity Inc. reported a smaller-than-expected Q4 loss per share of $0.61, beating the consensus estimate of $0.73. However, this still marks a slight increase in losses compared to the same period last year.
Beating the EPS estimate typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the fact that losses have slightly increased year-over-year might temper the positive reaction.
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