Blackstone Secured Q1 2024 GAAP EPS $0.87 Misses $0.91 Estimate, Sales $303.959M Miss $308.988M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone Secured (NYSE:BXSL) reported Q1 2024 GAAP EPS of $0.87, missing the $0.91 estimate, and sales of $303.959M, below the $308.988M estimate. This represents a 6.45% decrease in earnings per share and a 14.73% increase in sales from the same period last year.
May 08, 2024 | 12:36 pm
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Blackstone Secured's Q1 2024 earnings and sales missed estimates, with a decrease in EPS and an increase in sales compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in EPS year-over-year further compounds concerns, despite the increase in sales, indicating potential issues with profitability or cost management.
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