HOOKIPA Pharma Q1 2024 GAAP EPS $0.11 Beats $(0.10) Estimate, Sales $36.599M Beat $2.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
HOOKIPA Pharma (NASDAQ:HOOK) reported Q1 2024 earnings of $0.11 per share, surpassing the $(0.10) estimate, marking a 210% beat and a significant turnaround from last year's $(0.27) loss. Sales reached $36.599M, vastly exceeding the $2.800M forecast by 1.21K% and showing a 1.05K% increase from the previous year's $3.176M.
May 09, 2024 | 11:15 am
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POSITIVE IMPACT
HOOKIPA Pharma reported a significant beat on both EPS and sales for Q1 2024, with EPS at $0.11 vs. a $(0.10) estimate and sales of $36.599M against a $2.800M estimate.
The substantial beat on both earnings per share and sales forecasts for HOOKIPA Pharma indicates a strong operational performance and significant growth, likely leading to increased investor confidence and a positive short-term impact on the stock price. The company's performance far exceeded analysts' expectations, which could lead to upward revisions in stock price targets and ratings by analysts, further fueling positive momentum in the stock.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100