MultiPlan Q1 2024 GAAP EPS $(0.83), Sales $234.508M Miss $244.121M Estimate
Portfolio Pulse from Benzinga Newsdesk
MultiPlan reported its Q1 2024 earnings with a GAAP EPS of $(0.83) and sales of $234.508M, which fell short of the estimated $244.121M.

May 08, 2024 | 10:02 am
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NEGATIVE IMPACT
MultiPlan's Q1 2024 earnings report showed a significant miss in both GAAP EPS and sales compared to analyst estimates.
Missing earnings estimates, especially on both the EPS and sales fronts, can lead to negative investor sentiment and potentially a decrease in stock price in the short term. Given the magnitude of the miss, it's likely that investors may react negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100