Conn's Q1 Adj EPS $(1.52) Misses $(1.33) Estimate, Sales $284.60M Miss $306.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conn's reported Q1 adjusted losses of $(1.52) per share, missing the $(1.33) estimate by 14.29%. Sales were $284.60M, missing the $306.06M estimate by 7.01%. This represents a 708% decrease in earnings and a 16.25% decrease in sales compared to the same period last year.
June 01, 2023 | 10:01 am
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NEGATIVE IMPACT
Conn's Q1 adjusted losses were $(1.52) per share, missing the $(1.33) estimate by 14.29%. Sales were $284.60M, missing the $306.06M estimate by 7.01%.
Conn's reported worse-than-expected Q1 results, with adjusted losses of $(1.52) per share and sales of $284.60M, both missing analyst estimates. This negative news is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100