Recap: Danimer Scientific Q4 Earnings
Portfolio Pulse from Benzinga Insights
Danimer Scientific (NYSE:DNMR) reported Q4 earnings with an EPS of $-0.39, missing estimates by -3.0% and a revenue decrease of $4.38 million from the previous year. The company has a history of missing EPS estimates, which previously led to a 10% drop in share price.
March 28, 2024 | 8:10 pm
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Danimer Scientific reported a Q4 EPS of $-0.39, missing estimates by -3.0%, and a significant revenue decrease from the previous year.
Given Danimer Scientific's history of missing EPS estimates and the subsequent negative impact on its share price, the Q4 earnings miss and revenue decrease are likely to negatively affect the stock in the short term. The pattern of past performance, especially the 10% drop in share price following the last earnings miss, suggests a similar reaction could occur.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100