MicroStrategy Q1 2024 Adj EPS $(8.26) May Not Compare To $0.34 Estimate
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy reported a significant Q1 2024 loss of $(8.26) per share, vastly missing the analyst consensus estimate of $0.34. Quarterly sales were $115.2 million, also below the expected $121.725 million, marking a 5.51% decrease from the previous year.
April 29, 2024 | 8:02 pm
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NEGATIVE IMPACT
MicroStrategy's Q1 2024 earnings report showed a significant miss on both EPS and revenue forecasts, with a substantial loss per share and a decrease in sales compared to last year.
The substantial miss in both earnings per share and revenue compared to analyst expectations is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss, especially in EPS, indicates significant underperformance which could lead to a decrease in investor confidence and stock value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100