Lesaka Technologies Q3 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $138.194M Miss $145.526M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lesaka Technologies (NASDAQ:LSAK) reported Q3 2024 adjusted EPS of $0.02, beating the $(0.04) estimate, marking a 200% increase from the previous year. However, their sales of $138.194M fell short of the $145.526M estimate, a 5.04% miss, though it represents a 3.15% increase from the previous year.

May 08, 2024 | 8:56 pm
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Lesaka Technologies reported a Q3 2024 adjusted EPS of $0.02, surpassing estimates, with a 200% YOY increase. However, sales of $138.194M missed estimates by 5.04%, despite a 3.15% YOY growth.
The positive earnings per share (EPS) beat is likely to be viewed favorably by investors, indicating improved profitability and operational efficiency. However, the miss on sales estimates could temper enthusiasm, as it suggests potential challenges in revenue growth or market demand. The mixed results present a nuanced picture, likely leading to a neutral short-term impact on the stock price as the market digests both the positive EPS beat and the slight disappointment in sales.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100