BrightSpring Health Q4 GAAP EPS $(0.06) May Not Be Comparable To $0.11 Estimate, Sales $2.38B Beat $2.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
BrightSpring Health (NASDAQ:BTSG) reported Q4 GAAP EPS of $(0.06), missing the $0.11 estimate, but sales of $2.38B exceeded the $2.36B estimate. This represents an 87.5% improvement in EPS and a 20.5% increase in sales year-over-year.
February 29, 2024 | 11:42 am
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BrightSpring Health reported a Q4 GAAP EPS of $(0.06), missing estimates, but achieved higher sales of $2.38B, surpassing expectations.
While the EPS miss could negatively impact investor sentiment, the sales beat and significant year-over-year improvements in both EPS and sales could mitigate this effect. The mixed results present a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100