AFC Gamma Q1 Adj $0.49 Misses $0.51 Estimate, Sales $14.76M Miss $16.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
AFC Gamma (NASDAQ:AFCG) reported Q1 adjusted earnings of $0.49 per share, missing the consensus estimate of $0.51, and sales of $14.76M, below the $16.24M estimate. This represents a decrease from the previous year's earnings and sales.
May 09, 2024 | 1:21 pm
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NEGATIVE IMPACT
AFC Gamma reported lower than expected Q1 earnings and sales, missing analyst estimates and showing a decrease from last year's figures.
Missing earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported year-over-year decline in both earnings and sales further compounds the negative outlook, suggesting a potential short-term negative impact on AFC Gamma's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100