Erasca Q1 EPS $(0.23) Misses $(0.22) Estimate
Portfolio Pulse from Benzinga Newsdesk
Erasca reported a Q1 EPS loss of $(0.23), missing the consensus estimate of $(0.22) by 4.55%, marking a 4.55% increase in losses from the same period last year.
May 08, 2024 | 9:04 pm
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NEGATIVE IMPACT
Erasca's Q1 earnings missed analyst estimates, reporting a loss of $(0.23) per share compared to the expected $(0.22).
Missing earnings estimates, especially when it comes to increased losses, typically results in negative investor sentiment and can lead to a decrease in stock price in the short term. The fact that Erasca's losses have widened compared to the same period last year exacerbates this effect.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100