Saga Communications Q4 EPS $0.37 Beats $0.31 Estimate, Sales $29.14M Beat $29.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saga Communications (NASDAQ:SGA) reported Q4 earnings of $0.37 per share, surpassing the $0.31 estimate, a 47.14% decrease from last year's $0.70. Sales reached $29.14M, slightly above the $29.00M estimate but 3.25% lower than the previous year's $30.13M.
March 07, 2024 | 2:02 pm
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Saga Communications reported higher-than-expected Q4 earnings and sales, with EPS at $0.37 against a $0.31 estimate and sales of $29.14M beating the $29.00M forecast.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. Despite the year-over-year declines, the fact that Saga Communications exceeded analyst expectations could lead to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100