Southland Holdings Q1 2024 Adj EPS $(0.01) Beats $(0.14) Estimate, Sales $288.097M Beat $256.258M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southland Holdings (AMEX:SLND) reported Q1 2024 adjusted EPS of $(0.01), surpassing the $(0.14) estimate, and sales of $288.097M, exceeding the $256.258M estimate. This represents a significant improvement in both earnings and sales over the previous year.
May 13, 2024 | 8:53 pm
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Southland Holdings reported a smaller loss per share and higher sales than expected for Q1 2024, indicating a positive performance trend.
Beating both earnings and sales estimates significantly, especially by a wide margin as reported, usually leads to positive investor sentiment and can drive the stock price up in the short term. The substantial improvement over the previous year's performance further strengthens the case for a positive outlook.
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IMPORTANCE 90
RELEVANCE 100