Seer Q1 2024 GAAP EPS $(0.32) Beats $(0.34) Estimate, Sales $3.066M Miss $3.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seer (NASDAQ:SEER) reported Q1 2024 earnings with a GAAP EPS of $(0.32), beating the $(0.34) estimate, but missed sales estimates with $3.066M against the expected $3.800M. This represents a 15.79% improvement in EPS and a 24.35% decrease in sales year-over-year.
May 08, 2024 | 9:05 pm
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NEUTRAL IMPACT
Seer reported a smaller-than-expected quarterly loss and a year-over-year improvement in EPS, but sales fell short of estimates and decreased compared to last year.
The mixed results with an EPS beat but a miss on sales could lead to neutral market reaction. Investors might appreciate the EPS improvement but be concerned about the sales decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100