HireRight Holdings Q1 EPS $0.22 Beats $0.20 Estimate, Sales $173.20M Miss $176.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
HireRight Holdings (NYSE:HRT) reported Q1 earnings of $0.22 per share, surpassing the $0.20 estimate, marking a 22.22% increase from last year. However, their Q1 sales of $173.20M fell short of the $176.95M estimate, a 1.25% decrease from the previous year.
May 07, 2024 | 8:57 pm
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NEUTRAL IMPACT
HireRight Holdings reported higher-than-expected Q1 earnings per share but missed sales estimates, indicating mixed financial performance.
The positive earnings beat suggests operational efficiency and could be favorable for the stock price. However, the miss on sales forecasts may raise concerns about revenue growth and market expectations, potentially offsetting the positive impact of the earnings beat. The mixed financial performance makes the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100