Beasley Broadcast Group Q4 EPS $0.21, Sales $65.70M Miss $66.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beasley Broadcast Group (BBGI) reported Q4 earnings of $0.21 per share with sales of $65.70M, missing the consensus estimate of $66.05M by 0.53%. This represents an 8.78% decrease in sales compared to the same period last year.
February 12, 2024 | 12:03 pm
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Beasley Broadcast Group reported lower than expected Q4 sales and a decrease in sales compared to last year.
Missing sales estimates and reporting a significant year-over-year decrease in sales are negative indicators that could lead to a short-term decrease in BBGI's stock price. Investors typically react unfavorably to earnings misses and declining sales figures.
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