MeridianLink Q1 2024 Adj EPS $0.06 Misses $0.07 Estimate, Sales $77.816M Beat $76.934M Estimate
Portfolio Pulse from Benzinga Newsdesk
MeridianLink (NYSE:MLNK) reported Q1 2024 adjusted EPS of $0.06, missing the consensus estimate of $0.07 by 14.29%, but saw a 500% increase over the previous year's earnings. Sales reached $77.816M, exceeding estimates by 1.15% and marking a 0.88% increase from the previous year.
May 07, 2024 | 8:54 pm
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NEUTRAL IMPACT
MeridianLink reported a mixed Q1 2024 with an EPS miss but a slight beat on sales, showing both growth and challenges.
The miss on EPS expectations may concern investors, potentially putting downward pressure on MLNK's stock price in the short term. However, the beat on sales and significant year-over-year earnings growth could offset some of the negative sentiment, suggesting a neutral short-term impact. The mixed results highlight the company's growth in revenue but also point to potential challenges in profitability or cost management.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100