Regis Q2 EPS $(0.43) Up From $(1.10) Estimate, Sales $51.05M Miss $52.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Regis Corporation reported a Q2 EPS of $(0.43), which is an improvement from the $(1.10) estimate. However, their sales of $51.05M fell short of the $52.94M estimate, marking a 14.87% decrease from the same period last year.
January 31, 2024 | 11:08 am
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Regis Corporation's Q2 earnings per share outperformed estimates, but revenue fell short and saw a significant year-over-year decline.
While the EPS beat may be viewed positively, the revenue miss and significant year-over-year decline are likely to be seen as negative indicators of the company's performance, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100