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OVIDBearishEarningsnews
Materiality pending

Ovid Therapeutics (OVID) Reports Q1 Loss, Tops Revenue Estimates

May 14, 2024, 10:13 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Ovid Therapeutics reported a quarterly loss of $0.17 per share, beating estimates by 26.09%. - Revenue for Ovid increased to $0.15 million, exceeding the Zacks Consensus Estimate by 40.95%. - Ovid's stock has lost 6.2% year-to-date, underperforming the S&P 500. - Management's commentary on earnings call will impact stock's immediate movement. - Estimate revisions for Ovid Therapeutics are currently mixed. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Ovid Therapeutics reported a quarterly loss of $0.17 per share, beating estimates by 26.09%.
  • Revenue for Ovid increased to $0.15 million, exceeding the Zacks Consensus Estimate by 40.95%.
  • Ovid's stock has lost 6.2% year-to-date, underperforming the S&P 500.
  • Management's commentary on earnings call will impact stock's immediate movement.
  • Estimate revisions for Ovid Therapeutics are currently mixed.

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