Digital Ally FY 2023 GAAP EPS $(9.22) Misses $(8.76) Estimate, Sales $28.248M Miss $30.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digital Ally reported FY 2023 GAAP EPS of $(9.22), missing the $(8.76) estimate, with sales of $28.248M also missing the $30.750M estimate.
April 02, 2024 | 12:32 pm
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NEGATIVE IMPACT
Digital Ally's FY 2023 earnings and sales missed analyst estimates, indicating potential challenges in meeting market expectations.
Missing both earnings per share (EPS) and sales estimates can negatively impact investor confidence and stock price in the short term. The miss on EPS by 5.25% and sales by 8.14% suggests that Digital Ally is facing challenges in meeting market expectations, which could lead to a negative sentiment among investors and potentially decrease the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100