Upexi Q2 EPS $(0.12) Misses $(0.05) Estimate, Sales $21.83M Miss $30.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upexi (NASDAQ:UPXI) reported Q2 earnings with a loss of $(0.12) per share, missing the $(0.05) estimate by 140%, and a 180% decrease from last year's $0.15 EPS. Sales were $21.83M, missing the $30.00M estimate by 27.24%, and down 19.42% from last year's $27.09M.
February 14, 2024 | 9:14 pm
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NEGATIVE IMPACT
Upexi reported a significant miss in both EPS and sales for Q2, with a 140% miss on EPS estimates and a 27.24% miss on sales estimates, indicating a substantial decline from the previous year.
The significant miss in both EPS and sales estimates for Upexi, coupled with the year-over-year decline in performance, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100