Cibus Q2 EPS $(1.14) Misses $(0.81) Estimate, Sales $838.00K Beat $440.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Cibus (NASDAQ:CBUS) reported Q2 earnings per share (EPS) of $(1.14), missing the analyst estimate of $(0.81) by 40.74%. However, the company reported sales of $838.00K, beating the estimate of $440.00K by 90.45%. Compared to the same period last year, EPS improved by 62.62% and sales increased by 325.38%.
August 08, 2024 | 8:16 pm
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NEUTRAL IMPACT
Cibus reported a Q2 EPS of $(1.14), missing estimates by 40.74%, but sales of $838K beat estimates by 90.45%. EPS improved by 62.62% YoY, and sales surged 325.38% YoY.
While Cibus missed EPS estimates significantly, the substantial beat in sales and improvement in YoY EPS and sales figures provide a mixed outlook. The market may react neutrally in the short term as investors weigh the negative EPS miss against the positive sales beat and YoY improvements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100