Sterling Check Q1 2024 Adj EPS $0.19 Misses $0.27 Estimate, Sales $185.999M Beat $181.011M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Check (NASDAQ:STER) reported Q1 2024 earnings of $0.19 per share, missing the $0.27 estimate, a 20.83% decrease from last year. Sales were $185.999M, beating the $181.011M estimate, a 3.75% increase from last year.

May 09, 2024 | 12:10 pm
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Sterling Check reported lower-than-expected Q1 2024 earnings per share but exceeded sales forecasts, indicating mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on sales forecasts and year-over-year sales growth may offset some of the negative impact, leading to a neutral short-term price direction. The mixed results highlight the importance of closely monitoring Sterling Check's future financial performance and market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100