BrightView Hldgs Q1 2024 Adj EPS $0.02 Misses $0.04 Estimate, Sales $626.70M Miss $645.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
BrightView Holdings (NYSE:BV) reported Q1 2024 adjusted earnings per share (EPS) of $0.02, falling short of the $0.04 consensus estimate. Quarterly sales were $626.70 million, missing the $645.09 million estimate and representing a 4.45% decrease from the same period last year.
January 31, 2024 | 9:31 pm
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BrightView Holdings reported lower-than-expected Q1 2024 earnings and sales, missing estimates and showing a year-over-year decline.
The reported earnings miss and lower sales figures are likely to negatively impact investor sentiment in the short term, potentially leading to a decrease in the stock price of BrightView Holdings. Earnings reports are critical events that investors watch closely, and missing estimates can often result in a negative stock price reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100