Autohome Q1 Adj $0.14 Misses $0.49 Estimate, Sales $222.85M Beat $220.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Autohome Inc. (ATHM) reported Q1 earnings of $0.14 per share, missing the consensus estimate of $0.49 by 71.43%. Year-over-year, earnings decreased by 75.44% from $0.57. Q1 sales were $222.85M, slightly above the estimate of $220.60M, but marked a 0.21% decrease from the previous year.
May 08, 2024 | 9:35 am
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Autohome Inc. reported lower-than-expected Q1 earnings at $0.14 per share, missing estimates by a significant margin, but sales slightly exceeded expectations.
The significant miss in earnings per share (EPS) compared to analyst expectations is likely to negatively impact investor sentiment and the stock price in the short term. Although the sales figure slightly exceeded expectations, the sharp decrease in earnings YoY and the miss on EPS estimates are critical factors that could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100