Outbrain Q4 2023 Adj EPS $0.09 Beats $0.08 Estimate, Sales $248.23M Miss $251.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outbrain (NASDAQ:OB) reported Q4 2023 earnings of $0.09 per share, surpassing the $0.08 estimate, marking a 164.29% increase from the previous year. However, their sales of $248.23M fell short of the $251.51M estimate, a 3.77% decrease from last year.
February 29, 2024 | 11:40 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Outbrain reported a significant increase in EPS to $0.09, beating estimates, but experienced a slight decline in sales, missing expectations.
The positive earnings surprise could lead to short-term bullish sentiment due to the significant year-over-year EPS growth. However, the miss on sales forecasts and the year-over-year sales decline might temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100