Syra Health Q1 EPS $(0.22) Misses $(0.19) Estimate, Sales $1.75M Beat $1.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Syra Health (NASDAQ:SYRA) reported Q1 EPS of $(0.22), missing the $(0.19) estimate, and sales of $1.75M, beating the $1.40M estimate. This represents a 22.22% decrease in EPS and a 47.47% increase in sales from the same period last year.

May 09, 2024 | 12:00 pm
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Syra Health reported a Q1 EPS of $(0.22), missing estimates, but sales of $1.75M exceeded expectations, indicating mixed financial health.
The missed EPS estimate by Syra Health suggests potential concerns about profitability, which could negatively impact investor sentiment in the short term. However, the significant beat on sales estimates and year-over-year growth could counterbalance this by indicating strong revenue generation capabilities. The mixed financial results present a complex picture, likely leading to a neutral short-term impact on the stock as investors weigh the implications of missed EPS against strong sales performance.
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