Creative Media Q4 EPS $(0.72) Misses $(0.48) Estimate, Sales $29.47M Miss $30.20M Estimate
Portfolio Pulse from Happy Mohamed
Creative Media (NASDAQ:CMCT) reported Q4 earnings with a loss of $(0.72) per share, missing the $(0.48) estimate by 50%, and a sales figure of $29.47M, missing the $30.20M estimate by 2.42%. This represents an 84.62% increase in losses and a 13.92% increase in sales from the same period last year.
March 28, 2024 | 3:45 am
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Creative Media reported a significant miss in both EPS and sales for Q4, with losses widening by 84.62% compared to the same period last year, despite a 13.92% increase in sales.
The significant miss in both EPS and sales estimates, coupled with the substantial increase in losses year-over-year, is likely to negatively impact investor sentiment and the stock price in the short term. The increase in sales, while positive, may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100