Ashford Q2 Adj EPS $1.57 Misses $1.73 Estimate, Sales $192.71M Beat $181.71M Estimate
Portfolio Pulse from totan@benzinga.com
Ashford (AMEX:AINC) reported Q2 earnings of $1.57 per share, missing the analyst consensus estimate of $1.73 by 9.25%. This is a 28.96% decrease from the same period last year. However, the company reported quarterly sales of $192.71 million, beating the estimate of $181.71 million by 6.05%, a 15.08% increase from last year.
August 04, 2023 | 12:29 pm
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NEUTRAL IMPACT
Ashford's Q2 earnings per share missed estimates by 9.25%, but sales beat estimates by 6.05%. This mixed result could lead to uncertainty in the market.
Ashford's earnings per share missed the analyst consensus, which could negatively impact the stock. However, the company beat sales estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, potentially causing short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100