MediaAlpha Q2 EPS $(0.32) Beats $(0.35) Estimate, Sales $84.72M Beat $79.19M Estimate
Portfolio Pulse from saritha@benzinga.com
MediaAlpha reported Q2 earnings per share (EPS) of $(0.32), beating the analyst consensus estimate of $(0.35) by 8.57%. However, this is a 45.45% decrease from the same period last year. The company's quarterly sales of $84.72 million also beat the estimate of $79.19 million by 6.99%, but this is an 18.10% decrease from last year.
August 04, 2023 | 12:09 pm
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NEUTRAL IMPACT
MediaAlpha's Q2 results beat estimates but showed a significant decrease from the same period last year. This mixed performance could lead to uncertainty in the market.
While MediaAlpha beat analyst estimates for Q2, the significant year-over-year decrease in both EPS and sales could lead to uncertainty among investors. This could potentially impact the stock's performance in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100