CORRECTION: PepGen Q1 2024 GAAP EPS $(0.63) Beats $(0.74) Estimate
Portfolio Pulse from Benzinga Newsdesk
PepGen (NASDAQ:PEPG) reported Q1 2024 GAAP EPS losses of $(0.63), surpassing the analyst consensus estimate of $(0.74) by 14.86 percent.
May 14, 2024 | 8:36 pm
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POSITIVE IMPACT
PepGen reported a smaller-than-expected quarterly loss, beating the consensus estimate by 14.86%.
Beating earnings estimates typically leads to positive investor sentiment and can cause a short-term increase in stock price. The significant beat of 14.86% indicates strong performance relative to expectations, which could positively impact PepGen's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100