Grid Dynamics Holdings Q4 2023 Adj EPS $0.07 Misses $0.08 Estimate, Sales $78.07M Beat $76.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grid Dynamics Holdings (GDYN) reported Q4 2023 earnings of $0.07 per share, missing the consensus estimate of $0.08. Sales were $78.07M, exceeding the $76.59M estimate but marking a 3.11% decrease from the previous year.
February 22, 2024 | 9:14 pm
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NEUTRAL IMPACT
GDYN missed Q4 EPS estimates by 12.5% but exceeded sales forecasts, with a slight year-over-year decrease in sales.
The mixed results with an earnings miss but a sales beat could lead to neutral short-term stock price movement. The sales beat might offset concerns about the earnings miss, but the year-over-year sales decrease could raise some concerns among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90