Great Ajax Q1 Adj $(0.16) Misses $0.02 Estimate, Sales $(49.38M) Miss $3.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Ajax (NYSE:AJX) reported Q1 adjusted losses of $(0.16) per share, missing the $0.02 estimate by 900%, and a 77.78% decrease from last year's $(0.09) loss. Quarterly sales were $(49.38M), missing the $3.22M estimate by 1.63K%, a 9.24K% decrease from last year's $540.00K.
May 03, 2024 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Great Ajax reported significant misses in both earnings and sales for Q1, with adjusted losses and sales far below analyst estimates.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant decrease from the previous year's figures, suggests a negative short-term impact on AJX's stock price. The magnitude of the miss and the comparison to last year's performance indicate underlying issues that could concern investors, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100