AEterna Zentaris Q1 2024 GAAP EPS $(4.74) Vs. $(3.51) Last Year
Portfolio Pulse from Benzinga Newsdesk
AEterna Zentaris reported a Q1 2024 GAAP EPS loss of $(4.74), missing analyst estimates by 485.19% and marking a 35.04% increase in losses from the previous year's $(3.51) per share.
May 14, 2024 | 10:08 pm
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NEGATIVE IMPACT
AEterna Zentaris reported significantly larger losses than expected for Q1 2024, with a GAAP EPS loss of $(4.74), missing estimates by a wide margin and showing a substantial increase in losses from the previous year.
The significant miss in earnings expectations and the notable increase in losses year-over-year are likely to negatively impact investor sentiment and AEZS's stock price in the short term. The magnitude of the miss and the worsening financial performance compared to the previous year highlight concerns over the company's profitability and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100