The Beachbody Company, Inc. Class A Common Stock Q1 2024 GAAP EPS $(2.10) Misses $(2.09) Estimate, Sales $120.046M Beat $114.923M Estimate
Portfolio Pulse from Benzinga Newsdesk
The Beachbody Company, Inc. (BODI) reported Q1 2024 earnings with a GAAP EPS of $(2.10), missing estimates by 0.48%, and sales of $120.046M, beating estimates by 4.46%. Despite the EPS miss, the sales beat and a significant reduction in losses compared to last year indicate some positive momentum.
May 06, 2024 | 8:38 pm
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The Beachbody Company reported a slight miss on EPS estimates but exceeded sales forecasts for Q1 2024, showing improvement in reducing losses year-over-year.
While BODI missed the EPS estimate slightly, the sales beat and significant reduction in losses year-over-year could be seen positively by investors. However, the decrease in sales compared to the previous year and the EPS miss might temper short-term optimism, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100