Electromed Q1 2024 EPS $0.02 Misses $0.10 Estimate, Sales $12.32M Miss $12.60M Estimate
Portfolio Pulse from vinayak@benzinga.com
Electromed's Q1 2024 earnings per share (EPS) of $0.02 missed the analyst consensus estimate of $0.10 by 80%. The company's quarterly sales of $12.32M also fell short of the $12.60M estimate by 2.19%. However, both EPS and sales showed an increase compared to the same period last year.
November 07, 2023 | 9:42 pm
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NEGATIVE IMPACT
Electromed's Q1 2024 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase in both metrics may mitigate this impact.
Missing earnings and sales estimates typically leads to a negative reaction in the stock market. However, the YoY increase in both EPS and sales indicates an improving financial performance, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100