Beyond Q1 2024 Adj EPS $(1.22) Misses $(0.87) Estimate, Sales $382.281M Miss $389.264M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond (NYSE:BYON) reported Q1 2024 adjusted EPS of $(1.22), missing the $(0.87) estimate, and sales of $382.281M, missing the $389.264M estimate. This represents a 1120% decrease in EPS and a 0.30% increase in sales year-over-year.
May 06, 2024 | 9:33 pm
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Beyond reported a significant miss in Q1 2024 earnings and slight miss in sales compared to analyst estimates, with a drastic decrease in EPS and marginal increase in sales year-over-year.
The significant miss in both earnings per share and sales compared to analyst expectations, coupled with a drastic year-over-year decrease in EPS, is likely to negatively impact investor sentiment and the stock price in the short term. The slight increase in sales year-over-year may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100