Inseego Q4 2023 GAAP EPS $(1.28) Misses $(0.80) Estimate, Sales $42.75M Beat $40.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inseego reported Q4 2023 GAAP EPS of $(1.28), missing the $(0.80) estimate, but sales of $42.75M exceeded the $40.57M estimate, a 19.20% decrease from last year.
February 21, 2024 | 10:17 pm
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NEGATIVE IMPACT
Inseego's Q4 2023 earnings missed EPS estimates but beat sales forecasts, with a significant year-over-year sales decrease.
Missing the EPS estimate by 60% is a significant negative indicator, likely to impact investor confidence negatively. However, beating sales estimates might offer some offset. The year-over-year sales decrease further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100