comScore Q1 EPS $(1.08) Misses $(0.41) Estimate, Sales $86.80M Miss $89.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
comScore (NASDAQ:SCOR) reported Q1 earnings with a loss of $(1.08) per share, missing the $(0.41) estimate, and sales of $86.80M, missing the $89.20M estimate. This represents a 58.46% improvement in losses and a 5.20% decrease in sales from the same period last year.
May 07, 2024 | 8:12 pm
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NEGATIVE IMPACT
comScore reported a significant miss in both EPS and sales for Q1, with losses improving from last year but sales decreasing.
Missing both EPS and sales estimates significantly, especially with a 163.41% miss on the EPS estimate, is likely to negatively impact investor confidence and could lead to a short-term decrease in stock price. The improvement in losses year-over-year may provide some mitigation, but the decrease in sales year-over-year and missing sales estimates by 2.70% are likely to be viewed negatively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100