Fathom Holdings Q4 2023 GAAP EPS $(0.50) Misses $(0.32) Estimate, Sales $74.072M Miss $80.969M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fathom Holdings (NASDAQ:FTHM) reported Q4 2023 earnings with a GAAP EPS of $(0.50), missing the $(0.32) estimate, and sales of $74.072M, below the $80.969M estimate. This represents a 20.63% increase in losses per share but an 11.22% decrease in sales compared to the same period last year.
March 14, 2024 | 8:26 pm
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NEGATIVE IMPACT
Fathom Holdings reported a larger than expected quarterly loss and a miss in sales estimates for Q4 2023, indicating potential challenges in its business operations.
The miss in both earnings per share (EPS) and sales compared to analyst estimates suggests operational challenges and could lead to negative investor sentiment in the short term. The year-over-year improvement in losses per share might not be enough to offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100