Compass Pathways Q1 2024 GAAP EPS $(0.55) Misses $(0.48) Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Pathways reported a Q1 2024 GAAP EPS of $(0.55), which missed the estimated $(0.48). This indicates a larger loss than anticipated for the company during the first quarter of the year.
May 08, 2024 | 10:53 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Compass Pathways reported a larger than expected loss in Q1 2024, with a GAAP EPS of $(0.55) compared to the estimated $(0.48).
Earnings misses typically lead to negative investor sentiment in the short term as they indicate that a company's financial performance is not meeting expectations. For Compass Pathways, missing the EPS estimate suggests operational challenges or lower than expected revenue, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100