Zedge Q4 2023 EPS $0.01 Down From $0.31 YoY, Sales $6.60M Beat $6.11M Estimate
Portfolio Pulse from vinayak@benzinga.com
Zedge (AMEX:ZDGE) reported Q4 2023 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 | 9:02 pm
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NEGATIVE IMPACT
Zedge's Q4 2023 earnings per share decreased significantly YoY, while sales beat estimates but were down YoY.
Zedge's significant YoY decrease in earnings per share is a negative signal for investors, which could lead to a decrease in the stock price. Although sales beat estimates, they were also down YoY, which could further negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100