Biomea Fusion Q1 EPS $(1.09) Misses $(0.91) Estimate
Portfolio Pulse from Benzinga Newsdesk
Biomea Fusion (NASDAQ:BMEA) reported Q1 EPS of $(1.09), missing the consensus estimate of $(0.91) by 19.78%, marking an 11.22% increase in losses from the same period last year.
May 02, 2024 | 9:12 pm
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NEGATIVE IMPACT
Biomea Fusion reported a larger than expected quarterly loss, missing analyst estimates.
Missing earnings estimates, especially with an increased loss compared to the previous year, typically leads to negative investor sentiment in the short term. This could result in a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100