Ballys Q1 2024 GAAP EPS $(3.61) Misses $(1.18) Estimate, Sales $618.482M Miss $626.783M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ballys reported Q1 2024 GAAP EPS of $(3.61), missing the $(1.18) estimate, with sales of $618.482M also missing the $626.783M estimate. This represents a 3.30% increase in sales compared to the same period last year.

May 01, 2024 | 8:44 pm
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NEGATIVE IMPACT
Ballys missed Q1 2024 earnings and sales estimates, with a significant EPS miss and a slight sales miss compared to analyst expectations.
The significant miss in both earnings per share (EPS) and sales compared to analyst estimates is likely to negatively impact investor sentiment and stock price in the short term. The EPS miss was particularly large, exceeding expectations of a loss by over 205%, which could lead to a lack of confidence in the company's financial health and operational efficiency. Additionally, missing sales estimates, even slightly, may further erode investor trust in the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100