PodcastOne Q3 EPS $(0.11) Misses $0.02 Estimate, Sales $10.44M Miss $10.96M Estimate
Portfolio Pulse from mahesh@benzinga.com
PodcastOne (NASDAQ:PODC) reported Q3 EPS of $(0.11), missing the $0.02 estimate by 650%, and sales of $10.44M, missing the $10.96M estimate by 4.73%. Despite the miss, this represents a 78.85% improvement in EPS and a 21.57% increase in sales over the same period last year.
February 08, 2024 | 2:31 pm
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NEGATIVE IMPACT
PodcastOne reported a Q3 EPS of $(0.11), missing estimates by 650%, and sales of $10.44M, missing the $10.96M estimate by 4.73%. Despite these misses, there was a significant improvement in EPS and sales compared to the same period last year.
The short-term impact on PODC's stock price is likely negative due to the missed earnings and sales estimates. However, the significant improvement in EPS and sales compared to the previous year could mitigate some of the negative sentiment. The score reflects the immediate negative reaction to missing estimates, while the importance and confidence levels account for the mitigating factors of year-over-year growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100