Perficient Q4 Adj EPS $0.99 Misses $1.01 Estimate, Sales $220.79M Miss $223.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perficient (NASDAQ:PRFT) reported Q4 adjusted EPS of $0.99, missing the $1.01 estimate, and sales of $220.79M, missing the $223.71M estimate. This represents a 13.16% decrease in earnings and a 5.08% decrease in sales from the same period last year.
February 27, 2024 | 12:02 pm
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NEGATIVE IMPACT
Perficient reported a miss on both earnings and sales estimates for Q4, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a notable decrease from the previous year, typically leads to negative investor sentiment in the short term. This could result in downward pressure on Perficient's stock price as the market reacts to the company's underperformance.
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RELEVANCE 100