Guild Holdings Q1 2024 Adj EPS $0.13 Misses $0.21 Estimate, Sales $231.782M Beat $182.138M Estimate
Portfolio Pulse from Benzinga Newsdesk
Guild Holdings (NYSE:GHLD) reported Q1 2024 earnings of $0.13 per share, missing the $0.21 estimate, but sales of $231.782M exceeded the $182.138M estimate. This represents a significant improvement over the previous year, with earnings up 425% and sales up 123.11%.

May 09, 2024 | 8:21 pm
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Guild Holdings reported a mixed Q1 2024 with earnings missing but sales beating estimates, showing significant year-over-year growth.
The miss in earnings per share (EPS) could pressure GHLD's stock price in the short term due to investor expectations on profitability. However, the substantial beat on sales and significant year-over-year growth in both earnings and sales could mitigate negative sentiment and suggest underlying strength in the company's business model. The mixed results present a neutral outlook in the short term as the positive sales performance may balance out the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100