Journey Medical Q1 2024 Adj EPS $(0.53) Misses $(0.23) Estimate, Sales $13.000M Miss $14.098M Estimate
Portfolio Pulse from Benzinga Newsdesk
Journey Medical (NASDAQ:DERM) reported Q1 2024 adjusted EPS of $(0.53), missing the $(0.23) estimate, with sales of $13M also missing the $14.098M estimate. This represents a 6.44% increase in sales compared to the same period last year.

May 13, 2024 | 8:05 pm
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Journey Medical reported a significant miss in both EPS and sales for Q1 2024, with EPS missing estimates by 130.43% and sales missing by 7.79%, although sales increased by 6.44% YOY.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of Journey Medical in the short term. The miss in EPS by a large margin is particularly concerning, indicating operational challenges. However, the year-over-year increase in sales suggests some positive business momentum, which might mitigate the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100