Looking Into Cvent Holding's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Cvent Holding (NASDAQ:CVT) reported Q1 sales of $166.21 million and a loss of $32.64 million, a 70.49% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation. Q1 earnings per share were -$0.07, missing analyst predictions of $0.03.
May 22, 2023 | 2:57 pm
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Cvent Holding reported Q1 sales of $166.21 million and a loss of $32.64 million. The company's negative ROCE of -0.02% suggests inefficient capital allocation, and earnings per share missed analyst predictions.
Cvent Holding's Q1 results show a decrease in earnings and a negative ROCE, indicating inefficient capital allocation. This could negatively impact the stock price in the short term, as investors may be concerned about the company's performance and ability to generate returns. Additionally, the company's earnings per share missed analyst predictions, which could further contribute to a decline in stock price.
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