HeartCore Enterprises Q4 EPS $(0.14) Misses $(0.01) Estimate, Sales $3.33M Miss $8.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
HeartCore Enterprises (NASDAQ:HTCR) reported Q4 earnings with a loss of $(0.14) per share, significantly missing the $(0.01) estimate. Sales were $3.33M, also missing the $8.20M estimate. Despite these misses, sales increased 66.35% from the same period last year.
April 08, 2024 | 9:09 pm
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NEGATIVE IMPACT
HeartCore Enterprises reported a significant miss in both EPS and sales for Q4, with EPS at $(0.14) vs. $(0.01) estimate and sales at $3.33M vs. $8.20M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of HeartCore Enterprises in the short term. The magnitude of the miss, especially in earnings per share, which was off by 1300%, indicates a substantial underperformance that could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100