Barrett Bus Servs Q1 2024 GAAP EPS $(0.02) Beats $(0.35) Estimate, Sales $265.782M Miss $269.681M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barrett Bus Servs (NASDAQ:BBSI) reported Q1 2024 earnings with a GAAP EPS of $(0.02), surpassing the $(0.35) estimate, indicating a significant beat by 94.29%. However, their sales of $265.782M fell short of the expected $269.681M by 1.45%, despite being a 4.36% increase from the previous year.
May 01, 2024 | 10:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
BBSI reported a significant beat on EPS estimates but missed on sales for Q1 2024, showing mixed financial performance.
The significant beat on EPS estimates could be seen positively by investors, indicating better-than-expected profitability. However, the miss on sales forecasts could raise concerns about revenue growth and market expectations, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100