CaliberCos Q1 EPS $(0.18) Down From $(0.07) YoY, Sales $22.95M Down From $29.52M YoY
Portfolio Pulse from Benzinga Newsdesk
CaliberCos (NASDAQ:CWD) reported a significant decrease in its Q1 earnings per share (EPS) and sales year-over-year. The EPS fell by 157.14% from $(0.07) to $(0.18), and sales dropped by 22.26% from $29.52M to $22.95M.
May 09, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CaliberCos reported a significant year-over-year decline in both EPS and sales for Q1, with EPS decreasing by 157.14% and sales by 22.26%.
The reported decrease in both EPS and sales for CaliberCos is significant and likely to negatively impact investor sentiment in the short term. A decline in EPS, especially one as substantial as 157.14%, along with a 22.26% drop in sales, indicates operational challenges or market conditions adversely affecting the company's financial performance. This could lead to a decrease in stock price as investors adjust their expectations based on the new earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100