Recap: Entravision Comms Q4 Earnings
Portfolio Pulse from Benzinga Insights
Entravision Comms (NYSE:EVC) reported Q4 earnings with an EPS of $-0.21, missing estimates by -400.0% against an expected $0.07. Revenue increased by $23.73 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 8.0% the following day. Historical performance shows mixed results in meeting EPS estimates over the past year.
March 05, 2024 | 9:45 pm
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Entravision Comms reported a significant miss in Q4 earnings with an EPS of -$0.21 against an expected $0.07, but saw an increase in revenue by $23.73 million YOY.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have been followed by share price increases, but the magnitude of this miss (-400%) could outweigh potential positive reactions to revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100