Quipt Home Medical Q2 2024 GAAP EPS $(0.03) Misses $0.01 Estimate, Sales $64.000M Miss $65.590M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quipt Home Medical (NASDAQ:QIPT) reported Q2 2024 GAAP EPS of $(0.03), missing the $0.01 estimate by 400%. Sales were $64.000M, missing the $65.590M estimate by 2.42%. Despite the misses, sales increased by 10.12% year-over-year.
May 15, 2024 | 9:04 pm
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NEGATIVE IMPACT
Quipt Home Medical reported a significant earnings miss with Q2 2024 GAAP EPS of $(0.03) against an estimate of $0.01. Sales also missed estimates but showed a year-over-year increase.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100