CrossAmerica Partners Q1 2024 GAAP EPS $(0.48) Misses $(0.01) Estimate, Sales $941.548M Miss $1.169B Estimate
Portfolio Pulse from Benzinga Newsdesk
CrossAmerica Partners (NYSE:CAPL) reported Q1 2024 GAAP EPS of $(0.48), missing the $(0.01) estimate by 4700%, and a 1100% decrease from last year's $(0.04) per share. Sales were $941.548M, missing the $1.169B estimate by 19.45%, and a 7.33% decrease from last year's $1.016B.
May 08, 2024 | 9:25 pm
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CrossAmerica Partners reported significant misses in both EPS and sales for Q1 2024, with EPS at $(0.48) versus an expected $(0.01) and sales of $941.548M against an expected $1.169B.
The substantial miss in both earnings per share and sales compared to analyst estimates suggests a negative outlook for CAPL in the short term. The magnitude of the miss, especially the 4700% miss in EPS estimates, is likely to shake investor confidence and could lead to a decrease in stock price as the market reacts to these weaker than expected financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100