Perma-Fix Envirn Servs Q1 2024 GAAP EPS $(0.25), Inline, Sales $13.617M Miss $16.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perma-Fix Environmental Services (PESI) reported Q1 2024 earnings with a GAAP EPS of $(0.25), meeting analyst expectations but showing a significant decrease from the previous year's $(0.02) per share. Sales for the quarter were $13.617 million, missing the $16.400 million analyst estimate and marking a 32.28% decrease from the previous year's $20.107 million.
May 09, 2024 | 12:02 pm
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Perma-Fix Environmental Services (PESI) reported a GAAP EPS of $(0.25) for Q1 2024, in line with estimates but down significantly from last year. Sales fell short of expectations at $13.617 million, a 32.28% decrease YOY.
The reported earnings and sales miss, especially the significant decrease in sales compared to the previous year, are likely to negatively impact investor sentiment towards PESI in the short term. The alignment with EPS estimates may provide some stability, but the substantial sales miss and year-over-year decline are critical factors that could drive the stock price down.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100