MeridianLink Q4 2023 Adj EPS $(0.290) Misses $(0.070) Estimate, Sales $74.579M Beat $74.575M Estimate
Portfolio Pulse from Benzinga Newsdesk
MeridianLink (NYSE:MLNK) reported Q4 2023 adjusted EPS of $(0.290), missing the $(0.070) estimate by 314.29%, and a 3000% decrease from last year's $0.010 per share. Sales were $74.579M, slightly above the $74.575M estimate, marking a 5.71% increase from the previous year.
March 05, 2024 | 9:25 pm
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MeridianLink reported a significant miss in Q4 2023 adjusted EPS and a slight beat in sales compared to estimates.
The substantial miss in EPS expectations, coupled with a marginal beat in sales, suggests potential short-term negative sentiment among investors. The drastic decrease in EPS from the previous year further emphasizes the company's underperformance, likely leading to a decrease in stock price in the short term.
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RELEVANCE 100