Weave Communications Q1 2024 Adj EPS $(0.01) Beats $(0.02) Estimate, Sales $47.173M Beat $45.791M Estimate
Portfolio Pulse from Benzinga Newsdesk
Weave Communications (NYSE:WEAV) reported Q1 2024 earnings with an adjusted EPS of $(0.01), surpassing the $(0.02) estimate, and sales of $47.173M, exceeding the $45.791M forecast. This represents an 80% improvement in EPS and a 19.23% increase in sales year-over-year.
May 01, 2024 | 9:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Weave Communications reported a smaller loss than expected and higher sales for Q1 2024, indicating strong performance and growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant improvement in EPS and sales growth year-over-year further strengthens the case for a positive impact on WEAV's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100