Upexi Q1 EPS $(0.07) Misses $(0.04) Estimate, Sales $27.30M Beat $26.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upexi (NASDAQ:UPXI) reported Q1 earnings with a loss of $(0.07) per share, missing the $(0.04) estimate by 75%, but showed improvement from the $(0.16) loss per share in the same quarter last year. Sales reached $27.30M, surpassing the $26.52M estimate by 2.94% and marking a 136.22% increase from last year's $11.56M.
November 20, 2023 | 9:10 pm
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NEUTRAL IMPACT
Upexi's Q1 earnings report showed a larger-than-expected loss per share but exceeded sales estimates, indicating mixed financial performance.
The missed EPS estimate could negatively impact investor sentiment in the short term, suggesting potential downward pressure on the stock price. However, the sales beat and significant year-over-year growth could counterbalance this with a positive outlook on the company's revenue trajectory. The mixed results create uncertainty, hence a neutral score is given.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100