Perimeter Solutions Q1 2024 GAAP EPS $(0.57) Misses $(0.19) Estimate, Sales $59.044M Beat $50.670M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perimeter Solutions (NYSE:PRM) reported a Q1 2024 GAAP EPS of $(0.57), missing the $(0.19) estimate by 200%, and a 1050% decrease from last year's earnings. However, their sales of $59.044M exceeded the $50.670M estimate by 16.53%, marking a 34.63% increase from the previous year.

May 09, 2024 | 10:26 am
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NEUTRAL IMPACT
Perimeter Solutions reported a significant miss in Q1 2024 GAAP EPS at $(0.57) versus the $(0.19) estimate, but exceeded sales expectations with $59.044M against a $50.670M estimate.
The significant miss in EPS could negatively impact investor sentiment and stock price in the short term. However, the better-than-expected sales figures may offset some of the negative impact, leading to a neutral short-term price direction. The mixed results present a complex picture, where the sales beat could be seen as a positive sign of growth and demand, potentially stabilizing the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100