Mastech Digital Q1 2024 Adj EPS $0.06 Misses $0.12 Estimate, Sales $46.823M Beat $46.496M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mastech Digital (AMEX:MHH) reported Q1 2024 earnings of $0.06 per share, missing the consensus estimate of $0.12 by 50%. Sales were $46.823M, slightly above the $46.496M estimate but represent a 14.96% decrease from the previous year.
May 08, 2024 | 11:35 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Mastech Digital reported lower than expected Q1 2024 earnings at $0.06 per share, missing estimates by 50%, with a slight sales beat at $46.823M.
The significant miss in earnings per share (EPS) by 50% is likely to negatively impact investor sentiment and stock price in the short term. Although sales exceeded estimates, the slight beat may not be enough to offset the negative impact of the earnings miss. Additionally, the year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100