Motorsport Games Q4 EPS $0.25 Up From $(4.17) YoY, Sales $1.75M Miss $2.06M Estimate
Portfolio Pulse from dijoy@benzinga.com
Motorsport Games (NASDAQ:MSGM) reported a Q4 EPS of $0.25, a significant improvement from a $(4.17) loss per share YoY. However, their quarterly sales of $1.75M fell short of the $2.06M estimate, marking a 53.67% decrease from the previous year.
April 01, 2024 | 8:47 pm
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NEUTRAL IMPACT
Motorsport Games reported a significant improvement in Q4 EPS to $0.25 from a $(4.17) loss per share YoY, but missed sales estimates with $1.75M against the expected $2.06M.
The significant improvement in EPS indicates a strong recovery and operational efficiency, which could positively influence investor sentiment. However, the miss on sales estimates and a substantial year-over-year decrease in sales could raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the EPS improvement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100