Medicine Man Technologies Q4 EPS $(0.38) Misses $(0.13) Estimate, Sales $43.33M Miss $45.47M Estimate
Portfolio Pulse from dijoy@benzinga.com
Medicine Man Technologies (OTC:SHWZ) reported Q4 earnings with a loss of $(0.38) per share, missing the $(0.13) estimate by 192.31%, and a 22.58% decrease from last year. Sales were $43.33M, missing the $45.47M estimate by 4.72%, but marking a 7.92% increase from the previous year.
March 27, 2024 | 8:50 pm
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NEGATIVE IMPACT
Medicine Man Technologies reported a significant miss in Q4 EPS and sales, with a loss increase from the previous year but a slight increase in sales.
The significant miss in both EPS and sales estimates, coupled with an increase in losses from the previous year, is likely to negatively impact investor sentiment and the stock price in the short term. However, the increase in sales year-over-year may provide some cushion.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100