Zedge Q4 GAAP EPS $0.01 Down From $0.31 YoY, Sales $6.60M Beat $6.11M Estimate
Portfolio Pulse from Happy Mohamed
Zedge (AMEX:ZDGE) reported Q4 earnings of $0.01 per share, a 96.77% decrease YoY. Quarterly sales were $6.60M, beating the analyst consensus estimate of $6.11M by 8.02%, but a 10.47% decrease YoY.
October 26, 2023 | 8:57 pm
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NEUTRAL IMPACT
Zedge's Q4 earnings fell significantly YoY, but sales beat estimates. This mixed result could lead to uncertain market reactions.
Zedge's significant YoY decrease in earnings could negatively impact the stock. However, the fact that sales beat estimates might offset this to some extent, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100