Chicago Atlantic Real Q1 2024 Adj EPS $0.52 Misses $0.53 Estimate, Sales $13.240M Miss $15.888M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chicago Atlantic Real (NASDAQ:REFI) reported Q1 2024 adjusted EPS of $0.52, missing the $0.53 estimate, and sales of $13.240M, below the $15.888M estimate. This represents a decrease from the previous year's earnings and sales.
May 07, 2024 | 11:05 am
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Chicago Atlantic Real's Q1 2024 earnings and sales missed estimates, with a decrease in earnings and sales from the previous year.
Missing both earnings and sales estimates, especially with a year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term price decline for REFI.
CONFIDENCE 90
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RELEVANCE 100