RCI Hospitality Hldgs Q2 2024 Adj EPS $0.90 Misses $1.01 Estimate, Sales $72.283M Miss $74.734M Estimate
Portfolio Pulse from Benzinga Newsdesk
RCI Hospitality Holdings (RICK) reported Q2 2024 adjusted EPS of $0.90, missing the $1.01 estimate, and sales of $72.283M, missing the $74.734M estimate. This represents a 30.77% decrease in EPS and a 1.07% increase in sales from the same period last year.
May 09, 2024 | 10:31 pm
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NEGATIVE IMPACT
RCI Hospitality Holdings reported a significant miss in Q2 2024 earnings and sales against analyst estimates, with a notable decrease in EPS from the previous year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in EPS, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100