RumbleON Q2 EPS $0.02 Misses $0.22 Estimate, Sales $382.73M Miss $408.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
RumbleON (NASDAQ:RMBL) reported Q2 earnings of $0.02 per share, missing the analyst consensus estimate of $0.22 by 90.91%. This is a 98.33% decrease from the same period last year. The company also reported quarterly sales of $382.73 million, missing the analyst consensus estimate of $408.14 million by 6.23%, a 29.92% decrease from the same period last year.
August 09, 2023 | 11:04 am
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NEGATIVE IMPACT
RumbleON's Q2 earnings and sales significantly missed analyst estimates, indicating a potential negative impact on the company's stock price in the short term.
RumbleON's Q2 earnings and sales fell significantly short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100