Urban-gro Q1 2024 Adj EPS $(0.12) Beats $(0.17) Estimate, Sales $15.543M Beat $15.131M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban-gro (NASDAQ:UGRO) reported Q1 2024 adjusted EPS of $(0.12), surpassing the $(0.17) estimate, with sales of $15.543M also beating the $15.131M estimate. This represents a significant improvement in losses compared to the same period last year, but a decrease in sales.
April 30, 2024 | 8:46 pm
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POSITIVE IMPACT
Urban-gro reported a smaller loss than expected and higher sales, indicating a positive performance against analyst expectations for Q1 2024.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant improvement in losses and the sales beat, despite a year-over-year decrease, suggest operational efficiency and potential for growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100