Sonida Senior Living Q2 EPS $(2.11) Misses $(1.76) Estimate, Sales $62.85M Up From $59.64M YoY
Portfolio Pulse from Benzinga Newsdesk
Sonida Senior Living (NYSE:SNDA) reported Q2 losses of $(2.11) per share, missing the analyst consensus estimate of $(1.76) by 19.89 percent. This is a 57.46 percent decrease over losses of $(1.34) per share from the same period last year. The company reported $62.85 million in sales this quarter, a 5.39 percent increase over sales of $59.64 million the same period last year.
August 14, 2023 | 10:02 am
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Sonida Senior Living reported larger than expected losses for Q2, but also reported an increase in sales compared to the same period last year.
The company's larger than expected losses could negatively impact the stock price in the short term. However, the increase in sales could potentially offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100