Liberty Braves Group Q1 2024 GAAP EPS $(0.83) Misses $(0.62) Estimate, Sales $37.080M Beat $35.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Braves Group (NASDAQ:BATRK) reported Q1 2024 earnings with a GAAP EPS of $(0.83), missing the $(0.62) estimate, but sales of $37.080M exceeded the $35.650M forecast. This represents a 10.75% decrease in losses per share and a 19.61% increase in sales compared to the same period last year.
May 08, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Liberty Braves Group reported a Q1 2024 GAAP EPS of $(0.83), missing estimates, but sales of $37.080M beat expectations, indicating a decrease in losses and an increase in sales year-over-year.
While the miss in EPS might concern some investors, the beat on sales and the year-over-year improvement in both sales and reduced losses could be seen positively. The mixed results present a neutral short-term impact as the positive sales growth may offset concerns over the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100