i3 Verticals Q2 2024 Adj EPS $0.34 Misses $0.38 Estimate, Sales $94.542M Miss $97.895M Estimate
Portfolio Pulse from Benzinga Newsdesk
i3 Verticals reported Q2 2024 adjusted EPS of $0.34, missing the $0.38 estimate, and sales of $94.542M, below the $97.895M estimate. This represents a 10.53% decrease in EPS and a 0.71% increase in sales year-over-year.

May 10, 2024 | 11:06 am
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NEGATIVE IMPACT
i3 Verticals missed Q2 2024 earnings and sales estimates, with a notable decrease in EPS compared to last year but a slight increase in sales.
Missing both earnings and sales estimates can lead to negative investor sentiment and potentially lower stock prices in the short term. The decrease in EPS is particularly concerning, indicating decreased profitability. However, the slight increase in sales year-over-year shows some positive aspects, but it's unlikely to offset the negative impact of the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100