Urgently Q1 2024 GAAP EPS $(0.97) Misses $(0.92) Estimate, Sales $40.092M Beat $36.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urgently (NASDAQ:ULY) reported Q1 2024 earnings with a GAAP EPS of $(0.97), missing the $(0.92) estimate, but sales of $40.092M exceeded the $36.600M forecast. This represents a 19.13% decrease in sales compared to the same period last year.
May 13, 2024 | 8:43 pm
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NEGATIVE IMPACT
Urgently's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, with a significant year-over-year sales decline.
Missing the EPS estimate could negatively impact investor sentiment and stock price in the short term. However, beating sales estimates might offset some negative sentiment. The significant year-over-year sales decline is concerning and could further impact the stock negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100