RMR Gr Q2 2024 Adj EPS $0.39 Misses $0.40 Estimate, Sales $217.749M Miss $245.920M Estimate
Portfolio Pulse from Benzinga Newsdesk
RMR Group reported Q2 2024 adjusted EPS of $0.39, missing the $0.40 estimate, and sales of $217.749M, below the $245.920M estimate. This represents a 20.41% decrease in EPS and a 4.48% increase in sales from the same period last year.
May 07, 2024 | 9:59 pm
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NEGATIVE IMPACT
RMR Group's Q2 2024 earnings and sales missed estimates, with a significant decrease in EPS compared to last year.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in EPS compared to the previous year further exacerbates concerns, likely leading to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100