Agenus Q2 2024 GAAP EPS $(2.52) Misses $(1.07) Estimate, Sales $23.509M Miss $61.477M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agenus (NASDAQ:AGEN) reported Q2 2024 GAAP EPS of $(2.52), missing the $(1.07) estimate by 135.51%. Sales were $23.509M, missing the $61.477M estimate by 61.76%. EPS improved by 35.88% YoY, while sales decreased by 7.06% YoY.
August 08, 2024 | 11:19 am
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Agenus (NASDAQ:AGEN) reported Q2 2024 GAAP EPS of $(2.52), missing the $(1.07) estimate by 135.51%. Sales were $23.509M, missing the $61.477M estimate by 61.76%. EPS improved by 35.88% YoY, while sales decreased by 7.06% YoY.
Agenus reported significantly worse-than-expected earnings and sales, which is likely to negatively impact the stock price in the short term. Despite an improvement in EPS YoY, the substantial miss on both earnings and sales estimates will likely weigh heavily on investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100