Exact Sciences Q1 2024 GAAP EPS $(0.60) Misses $(0.48) Estimate, Sales $638.000M Beat $627.365M Estimate
Portfolio Pulse from Benzinga Newsdesk
Exact Sciences reported Q1 2024 earnings with a GAAP EPS of $(0.60), missing the $(0.48) estimate, but sales of $638M exceeded the $627.365M forecast, marking a 5.90% year-over-year increase.
May 08, 2024 | 8:10 pm
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NEUTRAL IMPACT
Exact Sciences missed EPS estimates by 25% but exceeded sales forecasts by 1.70% in Q1 2024, showing a 5.90% increase in sales YoY.
The miss on EPS estimates could negatively impact investor sentiment in the short term, suggesting potential cost or operational inefficiencies. However, the beat on sales estimates and the year-over-year growth indicate strong demand for Exact Sciences' products and services, which could counterbalance the negative EPS impact. The mixed results lead to a neutral short-term price direction score, with the positive sales growth potentially mitigating concerns over the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100