HireQuest Q1 2024 GAAP EPS $0.12 Beats $0.06 Estimate, Sales $8.419M Miss $8.696M Estimate
Portfolio Pulse from Benzinga Newsdesk
HireQuest reported Q1 2024 earnings of $0.12 per share, doubling the analyst consensus estimate of $0.06, but saw a 29.41% decrease from last year's earnings. Sales were $8.419M, missing the $8.696M estimate and marking a 14.59% decrease from the previous year.
May 09, 2024 | 9:25 pm
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NEUTRAL IMPACT
HireQuest's Q1 2024 earnings outperformed expectations with an EPS of $0.12, but sales fell short of estimates at $8.419M, indicating mixed financial health.
The positive earnings surprise could lead to a short-term positive sentiment among investors, as the EPS doubled the consensus estimate. However, the miss on sales and the year-over-year decrease in both earnings and sales could temper optimism, leading to a neutral short-term impact on the stock price.
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