Viad Q1 2024 Adj EPS $(1.13) Misses $(1.07) Estimate, Sales $273.497M Beat $269.516M Estimate
Portfolio Pulse from Benzinga Newsdesk
Viad (NYSE:VVI) reported Q1 2024 adjusted EPS of $(1.13), missing the $(1.07) estimate, but sales of $273.497M exceeded the $269.516M forecast. This represents a slight improvement in losses and a 4.87% increase in sales compared to the same period last year.
May 02, 2024 | 9:59 pm
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NEUTRAL IMPACT
Viad reported a Q1 2024 adjusted EPS of $(1.13), missing estimates by 5.61%, but sales of $273.497M exceeded expectations, marking a 4.87% increase YoY.
The missed EPS estimate may negatively impact investor sentiment in the short term, but the beat on sales forecasts and year-over-year growth could offset this. The mixed results present a neutral outlook, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100