Conn's Q2 Adj EPS $(1.39) Beats $(1.53) Estimate, Sales $306.91M Miss $308.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conn's reported Q2 losses of $(1.39) per share, beating the analyst consensus estimate of $(1.53) by 9.15 percent. However, the company's quarterly sales of $306.91 million missed the analyst consensus estimate of $308.15 million by 0.40 percent. This represents a 3575 percent decrease in earnings and an 11.46 percent decrease in sales compared to the same period last year.
August 30, 2023 | 10:02 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Conn's Q2 earnings beat estimates but sales missed, indicating mixed performance. The significant decrease in earnings and sales YoY could negatively impact investor sentiment.
Conn's reported a larger than expected loss per share, but beat analyst estimates, which could have a mixed impact on the stock. However, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100