Mesa Air Gr Q4 2023 Adj EPS $(0.64) Misses $(0.15) Estimate, Sales $114.40M Down From $125.63M YoY
Portfolio Pulse from Benzinga Newsdesk
Mesa Air Group reported a Q4 2023 adjusted EPS loss of $0.64, significantly missing the analyst consensus estimate of a $0.15 loss. Sales for the quarter were $114.40M, a decrease of 8.94% from $125.63M in the same quarter the previous year.
January 26, 2024 | 2:23 pm
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NEGATIVE IMPACT
Mesa Air Group's Q4 earnings significantly missed estimates with a larger than expected loss and a decrease in sales year-over-year.
The substantial miss in both EPS and sales is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss suggests underlying challenges that may concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100