Thorne HealthTech (NASDAQ:THRN) reported its Q1 earnings results on Thursday, May 11, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Thorne HealthTech missed estimated earnings by 25.0%, reporting an EPS of $0.06 versus an estimate of $0.08.
Revenue was up $10.57 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 5.91% drop in the share price the next day.
Here’s a look at Thorne HealthTech’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.18 | 0.14 | 0.08 | 0.10 |
| EPS Actual | 0.13 | 0.12 | -0.05 | 0.12 |
| Revenue Estimate | 63.91M | 63.44M | 57.28M | 56.12M |
| Revenue Actual | 62.96M | 58.42M | 56.07M | 54.67M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Thorne HealthTech management provided guidance for FY 2023, expecting earnings between $0.25 and $0.31 per share.
To track all earnings releases for Thorne HealthTech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
