Issuer Direct Q1 2024 Adj EPS $0.08 Misses $0.29 Estimate, Sales $6.962M Miss $8.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Issuer Direct (AMEX:ISDR) reported Q1 2024 adjusted EPS of $0.08, missing the $0.29 estimate, and sales of $6.962M, below the $8.600M estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.
May 09, 2024 | 8:38 pm
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NEGATIVE IMPACT
Issuer Direct reported significantly lower Q1 2024 earnings and sales compared to estimates and last year's figures, indicating potential challenges ahead.
The significant miss in both earnings per share and sales compared to analyst estimates and the previous year's figures suggests a negative outlook for ISDR in the short term. Such misses typically lead to negative investor sentiment and could result in a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100