GAN Q1 2024 GAAP EPS $(0.09) Down From $0.03 YoY, Sales $30.651M Miss $39.951M Estimate
Portfolio Pulse from Benzinga Newsdesk
GAN reported a Q1 2024 GAAP EPS of $(0.09), down from $0.03 YoY, with sales of $30.651M missing the $39.951M estimate, marking a 23.28% miss and a 12.75% decrease in sales YoY.
May 09, 2024 | 9:19 pm
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NEGATIVE IMPACT
GAN's Q1 2024 earnings report showed a significant decrease in EPS to $(0.09) from $0.03 YoY and a miss in sales estimates by 23.28%, with a 12.75% YoY decrease in sales.
The significant miss in both earnings per share and sales estimates for GAN in Q1 2024 indicates a negative short-term impact on the stock. The decrease in EPS from a positive $0.03 to a negative $(0.09) year-over-year, combined with a substantial miss in sales expectations, suggests potential concerns about the company's profitability and growth trajectory. This could lead to decreased investor confidence and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100