UPDATE: SPAR Group Q2 Adj $0.03 Misses $0.04 Estimate, Sales $65.94M Miss $70.00M Estimate
Portfolio Pulse from Happy Mohamed
SPAR Group reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.04 by 25%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $65.94 million, missing the analyst consensus estimate of $70.00 million by 5.81%. This is a 2.75% decrease from the same period last year.
August 14, 2023 | 12:37 pm
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NEGATIVE IMPACT
SPAR Group's Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock in the short term.
SPAR Group's Q2 earnings and sales fell short of analyst estimates, and also showed a significant decrease from the same period last year. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100