Zepp Health Corp ADR Down 16.39% To $1.02 After Earnings Miss

Zepp Health Corp - ADR (ZEPP) missed earnings projections on 3/18/2024 for Q4 2023.

The consensus among analysts for Zepp Health Corp ADR was for an earnings per share (EPS) of $0.04. The firm failed to meet those projections, reporting an EPS of $0.01, a negative surprise of $0.03 (-75%). Profits rose 107% year-over-year after reporting an EPS loss of $0.14 per share in its year-ago quarter. The positive growth rate signals that the Technology company is performing well amid recent economic conditions.

Revenues were downbeat at $84.5 million. That represents a 45.64% decrease in revenues from the year-ago report and is 11.12% lower than consensus estimates set at $95 million.

The stock is down 16.39% to $1.02 after the report.

Zepp Health Corp ADR's profit margins took a hit as earnings fell at a faster pace than revenues.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 19.

Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in two segments: Xiaomi Wearable Products and Self-branded products & others. The product portfolio includes smartwatches and fitness bands.