Establishment Labs Hldgs Q1 2024 Adj EPS $(0.58) Beats $(0.67) Estimate, Sales $37.200M Beat $36.001M Estimate
Portfolio Pulse from Benzinga Newsdesk
Establishment Labs Holdings (ESTA) reported Q1 2024 adjusted EPS of $(0.58), surpassing the $(0.67) estimate, with sales of $37.200M exceeding the $36.001M forecast. This represents a 20.04% decrease in sales compared to the same period last year.
May 08, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ESTA reported a Q1 2024 adjusted EPS of $(0.58), beating estimates, with sales of $37.200M also surpassing expectations but marking a 20.04% decrease from the previous year.
Beating both EPS and sales estimates typically has a positive impact on a company's stock price in the short term, as it indicates better-than-expected financial health and operational efficiency. However, the significant decrease in sales year-over-year could temper investor enthusiasm, suggesting a cautious optimism in the stock's short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100