Saga Communications Q2 EPS $0.55 Beats $0.48 Estimate, Sales $29.18M Beat $28.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saga Communications reported Q2 earnings of $0.55 per share, beating the analyst consensus estimate of $0.48 by 14.58%. However, this is a 12.7% decrease from the same period last year. The company also reported quarterly sales of $29.18 million, beating the estimate of $28.70 million by 1.66%, but this is a 2.17% decrease from last year.
August 08, 2023 | 1:03 pm
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Saga Communications reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While Saga Communications beat estimates for Q2, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This makes the short term impact neutral.
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