Reliance Global Group Q2 EPS $(1.42) Misses $(0.70) Estimate, Sales $3.20M Miss $3.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group (NASDAQ:RELI) reported Q2 losses of $(2.77) per share, missing the analyst consensus estimate of $(0.70) by 295.71%. This is a 84.67% decrease over losses of $(1.50) per share from the same period last year. However, the company reported quarterly sales of $3.93 million, beating the analyst consensus estimate of $3.60 million by 9.17%. This is a 6.58% decrease over sales of $4.21 million the same period last year.
August 10, 2023 | 12:05 pm
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Reliance Global Group's Q2 earnings per share missed estimates significantly, which could negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact.
Reliance Global Group's earnings per share missed estimates by a large margin, which could lead to a decrease in the stock price as investors may see this as a sign of poor financial performance. However, the company beat sales estimates, which could be seen as a positive sign and potentially offset some of the negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100