Everbridge Q1 2024 Adj EPS $0.18 Misses $0.39 Estimate, Sales $111.400M Miss $112.098M Estimate
Portfolio Pulse from Benzinga Newsdesk
Everbridge reported Q1 2024 adjusted EPS of $0.18, missing the $0.39 estimate, and sales of $111.4M, below the $112.098M estimate. This represents a 2.89% increase in sales compared to the same period last year.
May 09, 2024 | 8:49 pm
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NEGATIVE IMPACT
Everbridge's Q1 2024 earnings and sales missed analyst estimates, with a slight increase in sales compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The slight increase in sales year-over-year indicates some positive growth, but the miss on key financial metrics is likely to overshadow this in the immediate aftermath of the earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100