CORRECTION: Reliance Global Group Q2 EPS $(1.42) Misses $(0.70) Estimate, Sales $3.20M Miss $3.60M Estimate
Portfolio Pulse from Happy Mohamed
Reliance Global Group (NASDAQ:RELI) reported Q2 losses of $(1.42) per share, missing the analyst consensus estimate of $(0.70) by 102.86%. The company also reported quarterly sales of $3.20 million, missing the analyst consensus estimate of $3.60 million by 11.22%. This represents a 5.33% increase in losses and a 24.03% decrease in sales compared to the same period last year.
August 10, 2023 | 1:23 pm
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NEGATIVE IMPACT
Reliance Global Group's Q2 results missed analyst estimates, with losses increasing and sales decreasing compared to the same period last year.
Reliance Global Group's Q2 results were worse than expected, with losses exceeding estimates by 102.86% and sales missing estimates by 11.22%. This negative financial performance could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100