Enthusiast Gaming Hldgs Q2 EPS $(0.05), Inline, Sales $31.71M Miss $34.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enthusiast Gaming Hldgs (NASDAQ:EGLX) reported Q2 EPS of $(0.05), in line with analyst consensus. However, the company's quarterly sales of $31.71M missed the estimate of $34.68M by 8.56%. This represents a 37.97% decrease in sales compared to the same period last year.
August 14, 2023 | 9:09 pm
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Enthusiast Gaming's Q2 earnings were in line with expectations, but sales missed estimates and were significantly lower than last year.
Enthusiast Gaming's earnings per share met analyst expectations, which is a positive sign. However, the company's sales missed estimates by 8.56% and were 37.97% lower than the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100