Kodiak Sciences Q4 EPS $(1.13) Misses $(0.77) Estimate
Portfolio Pulse from Benzinga Newsdesk
Kodiak Sciences (NASDAQ:KOD) reported a Q4 EPS loss of $(1.13), missing the consensus estimate of $(0.77) by 46.75%. This represents a 16.3% improvement over the $(1.35) per share loss from the same period last year.
March 28, 2024 | 10:35 am
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NEGATIVE IMPACT
Kodiak Sciences reported a larger than expected Q4 loss of $(1.13) per share, missing the $(0.77) estimate, but improved from last year's $(1.35) loss.
The reported earnings miss is likely to negatively impact investor sentiment in the short term, as the loss was significantly larger than expected. However, the improvement from the previous year's loss may provide some mitigation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100