Sky Harbour Group Q1 2024 GAAP EPS $(0.78) Misses $(0.07) Estimate, Sales $2.404M Beat $2.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sky Harbour Group (AMEX:SKYH) reported Q1 2024 GAAP EPS of $(0.78), missing the $(0.07) estimate by a significant margin. However, sales of $2.404M beat the $2.200M estimate, showing a 117.16% increase year-over-year.
May 15, 2024 | 6:16 am
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Sky Harbour Group reported a significant miss on its Q1 2024 GAAP EPS, with losses of $(0.78) per share compared to the $(0.07) estimate. However, the company showed strong sales growth, beating estimates with $2.404M in revenue.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive sales growth. Investors may focus more on the earnings miss, leading to a negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100