HireRight Holdings Q2 Adj $0.34 Misses $0.35 Estimate, Sales $192.12M Beat $190.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
HireRight Holdings (NYSE:HRT) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.35 by 2.86%. This is a 37.04% decrease from the same period last year. However, the company's quarterly sales of $192.12 million beat the analyst consensus estimate of $190.46 million by 0.87%, despite a 13.57% decrease from the same period last year.
August 08, 2023 | 8:29 pm
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NEGATIVE IMPACT
HireRight Holdings' Q2 earnings missed estimates, but sales beat expectations. Earnings and sales both decreased compared to the same period last year.
HireRight Holdings' earnings miss could negatively impact the stock price in the short term. However, the sales beat might mitigate some of this impact. The year-over-year decrease in both earnings and sales could also negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100