SAB Biotherapeutics Q1 2024 GAAP EPS $(0.43) Beats $(0.96) Estimate
Portfolio Pulse from Benzinga Newsdesk
SAB Biotherapeutics (NASDAQ:SABS) reported a Q1 2024 GAAP EPS of $(0.43), beating the analyst estimate of $(0.96) by 55.21%. This represents a 186.67% decrease from the same period last year. The company reaffirms it has sufficient cash to fund operations into 2026, assuming the exercise of all outstanding Tranche B warrants.
May 20, 2024 | 9:49 pm
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SAB Biotherapeutics reported a Q1 2024 GAAP EPS of $(0.43), significantly beating the analyst estimate of $(0.96). Despite a year-over-year decrease in EPS, the company reassures investors of sufficient cash to fund operations into 2026.
The significant beat on EPS estimates is a positive indicator for the stock in the short term. Additionally, the company's reassurance about sufficient cash to fund operations into 2026 provides further confidence to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100