SeaStar Medical Holding Q1 2024 Adj EPS $(0.19) Misses $(0.15) Estimate
Portfolio Pulse from Benzinga Newsdesk
SeaStar Medical Holding (NASDAQ:ICU) reported a Q1 2024 adjusted EPS of $(0.19), missing the consensus estimate of $(0.15) by 26.67%.
May 14, 2024 | 8:34 pm
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SeaStar Medical Holding reported a Q1 2024 adjusted EPS of $(0.19), missing the consensus estimate of $(0.15) by 26.67%, indicating a larger than expected loss.
Missing earnings estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The miss by 26.67% is significant, indicating that the company's financial performance is below market expectations, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100