OMNIQ Q4 EPS $(0.25) Beats $(0.26) Estimate, Sales $15.45M Miss $16.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
OMNIQ Corp. (NASDAQ:OMQS) reported Q4 earnings with a per-share loss of $(0.25), slightly better than the expected $(0.26). However, their sales of $15.45M fell short of the $16.35M estimate, marking a 38.22% decrease from the previous year.
April 01, 2024 | 9:27 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
OMNIQ Corp. reported a smaller-than-expected Q4 loss per share but missed sales estimates, with a significant year-over-year decline.
While OMNIQ Corp. managed to beat EPS estimates, the miss on sales forecasts and the substantial year-over-year sales decline could concern investors. The mixed results present a neutral outlook, as the better-than-expected EPS might offset concerns about the sales miss to some extent. However, the significant decrease in sales compared to the previous year could indicate underlying challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100