Cheetah Net Supply Chain Q1 2024 GAAP EPS $(0.03) Misses $(0.01) Estimate, Sales $1.507M Miss $5.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain reported Q1 2024 earnings with a GAAP EPS of $(0.03), missing the $(0.01) estimate, and sales of $1.507M, significantly below the $5.000M estimate.
May 13, 2024 | 12:16 pm
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NEGATIVE IMPACT
Cheetah Net Supply Chain's Q1 2024 earnings significantly missed analyst expectations, with both EPS and sales falling short.
Missing both EPS and sales estimates by significant margins is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. The magnitude of the miss, especially in sales (missing by nearly 70%), indicates potential underlying issues in the company's operations or market demand that could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100