Priority Tech Holdings Q1 2024 GAAP EPS $(0.10) Misses $(0.09) Estimate, Sales $205.719M Miss $210.137M Estimate
Portfolio Pulse from Benzinga Newsdesk
Priority Tech Holdings (NASDAQ:PRTH) reported Q1 2024 earnings with a GAAP EPS of $(0.10), missing the $(0.09) estimate, and sales of $205.719M, missing the $210.137M estimate. Despite these misses, the company saw a 33.33% decrease in losses per share and an 11.18% increase in sales compared to the same period last year.
May 09, 2024 | 11:33 am
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NEUTRAL IMPACT
Priority Tech Holdings reported a miss in both EPS and sales for Q1 2024 but showed improvement compared to last year with reduced losses and increased sales.
Although PRTH missed analyst estimates for EPS and sales, the year-over-year improvement in reducing losses and increasing sales may mitigate negative investor sentiment. The miss on estimates could lead to short-term negative pressure, but the overall improvement in financial health could support a neutral to slightly positive outlook in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100