PLBY Group Q1 2024 GAAP EPS $(0.23) Misses $(0.10) Estimate, Sales $28.319M Miss $32.053M Estimate
Portfolio Pulse from Benzinga Newsdesk
PLBY Group reported Q1 2024 GAAP EPS of $(0.23), missing the $(0.10) estimate, with sales of $28.319M also missing the $32.053M estimate. This represents a 44.95% decrease in sales compared to the same period last year.
May 09, 2024 | 8:13 pm
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NEGATIVE IMPACT
PLBY Group's Q1 2024 earnings and sales missed estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100