Seacor Marine Hldgs Q1 2024 GAAP EPS $(0.84) Misses $(0.43) Estimate, Sales $62.800M Miss $63.366M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seacor Marine Holdings (SMHI) reported Q1 2024 GAAP EPS of $(0.84), missing the $(0.43) estimate, with sales of $62.800M also missing the $63.366M estimate. This represents a 4.71% increase in sales compared to the same period last year.
May 01, 2024 | 9:34 pm
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Seacor Marine Holdings reported a significant miss in Q1 2024 earnings and sales, with EPS at $(0.84) against a $(0.43) estimate and sales of $62.800M missing the $63.366M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment towards SMHI in the short term. The miss in EPS by 95.35% and sales by 0.89% indicates underperformance, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100