Nuvei Q1 2024 Adj EPS $0.41 Misses $0.43 Estimate, Sales $335.100M Beat $325.947M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuvei reported Q1 2024 adjusted EPS of $0.41, missing the $0.43 estimate, but its sales of $335.1M exceeded the $325.947M forecast, marking a 30.64% increase from the previous year.

May 07, 2024 | 9:25 pm
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Nuvei's Q1 2024 earnings missed EPS estimates but beat sales forecasts, showing significant year-over-year growth.
While Nuvei's EPS missed analyst expectations, the significant beat on sales forecasts and the substantial year-over-year sales growth could offset negative sentiment from the earnings miss. The mixed results present a neutral short-term outlook as investors weigh the underperformance in EPS against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100