AFC Gamma Q4 Adj $0.49 Misses $0.50 Estimate, Sales $15.97M Beat $15.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
AFC Gamma (NASDAQ:AFCG) reported Q4 adjusted earnings of $0.49 per share, missing the consensus estimate of $0.50 by 2%. Year-over-year, this represents a 20.97% decrease from $0.62 per share. Quarterly sales were $15.97 million, exceeding estimates of $15.79 million by 1.16%, but marking an 18.93% decrease from $19.70 million in the same period last year.
March 07, 2024 | 1:40 pm
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AFC Gamma reported a slight miss on Q4 earnings per share and a decrease in sales compared to last year, though it beat sales estimates.
Missing the earnings estimate, even by a small margin, can negatively impact investor sentiment and stock price in the short term. The decrease in sales year-over-year further compounds concerns, despite the beat on sales estimates. These factors combined suggest a potential short-term negative impact on AFCG's stock price.
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