GEE Group Q1 2024 Adj EPS $(0.01) Misses $0.01 Estimate, Sales $30.63M Miss $36.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
GEE Group (AMEX:JOB) reported Q1 2024 adjusted EPS of $(0.01), missing the $0.01 estimate, and sales of $30.63M, missing the $36.17M estimate. This represents a 200% decrease in EPS and a 25.56% decrease in sales from the same period last year.

February 13, 2024 | 9:45 pm
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GEE Group reported a significant miss in both EPS and sales for Q1 2024, with a 200% decrease in EPS and a 25.56% decrease in sales year-over-year.
The significant miss in both EPS and sales estimates, coupled with the substantial year-over-year decreases, suggests a negative short-term impact on GEE Group's stock price. The magnitude of the miss and the comparison to last year's performance indicate underlying challenges that could concern investors, leading to potential selling pressure.
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