Fathom Holdings Q1 2024 GAAP EPS $(0.31) Misses $(0.25) Estimate, Sales $70.503M Miss $82.632M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fathom Holdings (NASDAQ:FTHM) reported Q1 2024 earnings with a GAAP EPS of $(0.31), missing the $(0.25) estimate, and sales of $70.503M, below the $82.632M estimate. This represents a 13.89% increase in losses per share but a 9.08% decrease in sales compared to the same period last year.
May 09, 2024 | 9:30 pm
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NEGATIVE IMPACT
Fathom Holdings reported a larger than expected quarterly loss and a significant miss in sales forecasts for Q1 2024.
The miss in both earnings per share and sales forecasts indicates potential operational or market challenges Fathom Holdings is facing. Such misses can lead to negative investor sentiment in the short term, potentially impacting the stock price negatively as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100