Recap: Celcuity Q4 Earnings
Portfolio Pulse from Benzinga Insights
Celcuity (NASDAQ:CELC) reported Q4 earnings, beating estimates with an EPS of $-0.61 against the expected $-0.73. However, revenue remained unchanged from the previous year. Despite missing EPS estimates last quarter, the share price increased by 10% the following day.
March 27, 2024 | 8:15 pm
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Celcuity reported better-than-expected Q4 earnings with an EPS of $-0.61, surpassing the estimate of $-0.73, but with no change in revenue from the previous year.
The positive earnings surprise, beating estimates by 16%, is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the reaction seen in the previous quarter despite an earnings miss. However, the lack of revenue growth could temper some of the enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100