Duos Technologies Group Q1 2024 GAAP EPS $(0.38), Inline, Sales $1.070M Miss $1.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duos Technologies Group (DUOT) reported Q1 2024 GAAP EPS of $(0.38), meeting analyst consensus but missed sales estimates with $1.070M against a $1.400M forecast, marking a 59.54% decrease from the previous year.
May 13, 2024 | 8:34 pm
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Duos Technologies Group's Q1 2024 earnings report showed EPS in line with expectations but a significant miss in sales estimates and a sharp decline from the previous year's sales.
Missing sales estimates by a wide margin and reporting a significant year-over-year decline in sales are negative indicators that could lead to a short-term negative impact on DUOT's stock price. Investors typically react unfavorably to revenue misses and declining sales trends, which can lead to decreased investor confidence and selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100