SP Plus Q1 2024 Adj EPS $0.61 Misses $0.67 Estimate, Sales $222.100M Miss $229.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
SP Plus (NASDAQ:SP) reported Q1 2024 earnings of $0.61 per share, missing the consensus estimate of $0.67. Sales were $222.1M, also below the $229M estimate, marking a 2.68% increase from the previous year.
May 01, 2024 | 9:10 pm
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NEGATIVE IMPACT
SP Plus reported Q1 2024 earnings of $0.61 per share, missing estimates by 8.96%, and sales of $222.1M, missing estimates by 3.01% but showing a 2.68% YOY growth.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the YOY sales growth may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100