American Strategic Q4 EPS $(0.52) Misses $(0.07) Estimate, Sales $15.38M Miss $16.53M Estimate
Portfolio Pulse from dijoy@benzinga.com
American Strategic (NYSE:NYC) reported a significant miss in both earnings and sales for Q4. Earnings per share (EPS) were $(0.52), missing estimates by 642.86% and marking a 372.73% decrease from the previous year. Sales were $15.38M, missing estimates by 6.96% and showing a 5.04% decrease from the previous year.
April 01, 2024 | 8:52 pm
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NEGATIVE IMPACT
American Strategic's Q4 earnings and sales significantly missed estimates, with a drastic decrease in EPS and a slight decrease in sales compared to last year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with the substantial decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in EPS, in particular, suggests underlying issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100