HCW Biologics Q4 2023 GAAP EPS $(0.15) Misses $(0.14) Estimate, Sales $1.341M Beat $900.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
HCW Biologics reported Q4 2023 earnings with a GAAP EPS of $(0.15), missing the $(0.14) estimate, but their sales of $1.341M exceeded the $900K estimate. This represents a slight decrease in sales compared to the same period last year.
April 01, 2024 | 8:17 pm
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NEUTRAL IMPACT
HCW Biologics missed EPS estimates by 7.14% but exceeded sales forecasts by 49%, with a minor year-over-year sales decrease.
While HCW Biologics missed the EPS estimate, the significant beat on sales forecasts could mitigate negative investor sentiment. The slight year-over-year sales decrease is not substantial enough to cause major concern, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100