IHS Holding Q1 2024 Adj EPS $(0.47) Misses $(0.01) Estimate, Sales $417.744M Beat $394.581M Estimate
Portfolio Pulse from Benzinga Newsdesk
IHS Holding reported Q1 2024 adjusted EPS of $(0.47), significantly missing the $(0.01) estimate, while sales of $417.744M exceeded the $394.581M estimate. This represents a 30.67% decrease in sales compared to the same period last year.
May 14, 2024 | 12:06 pm
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NEGATIVE IMPACT
IHS Holding's Q1 2024 earnings report showed a significant miss on adjusted EPS but exceeded sales estimates, with a notable year-over-year sales decline.
The significant miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, overshadowing the sales beat. The substantial year-over-year decline in sales further compounds concerns about the company's growth trajectory, potentially leading to a negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100