SCYNEXIS Q4 EPS $(0.39) Misses $(0.20) Estimate, Sales $5.80M Beat $1.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
SCYNEXIS (NASDAQ:SCYX) reported Q4 earnings with a loss of $(0.39) per share, missing the $(0.20) estimate by 95%, and a 30% increase in losses from last year. However, their quarterly sales of $5.80M exceeded expectations by 323.14%, marking a 314.07% increase from the previous year.
March 29, 2024 | 3:36 am
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NEUTRAL IMPACT
SCYNEXIS reported a larger than expected Q4 loss per share but significantly exceeded sales estimates, showing a substantial year-over-year growth.
While the EPS miss is negative, the substantial beat on sales estimates and the impressive year-over-year sales growth could offset investor concerns about the earnings miss in the short term. The mixed results present a neutral outlook as the positive sales performance may counterbalance the negative earnings per share impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100