Reservoir Media Q3 2024 GAAP EPS $(0.05) Misses $(0.01) Estimate, Sales $35.48M Beat $29.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media (RSVR) reported Q3 2024 earnings with a GAAP EPS of $(0.05), missing the $(0.01) estimate by 400%. However, their sales of $35.48M exceeded the $29.86M estimate by 18.82%, marking an 18.52% increase from the previous year.
February 07, 2024 | 12:06 pm
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NEUTRAL IMPACT
Reservoir Media reported a Q3 2024 GAAP EPS of $(0.05), missing estimates, but sales of $35.48M exceeded expectations, showing significant growth.
While the EPS miss might concern some investors, the significant beat on sales and year-over-year growth could indicate underlying strength in Reservoir Media's business. The mixed results could lead to neutral short-term stock price movement as investors weigh the EPS miss against the strong sales performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100