Mesa Air Gr Q1 2024 Adj EPS $(0.53) Misses $(0.32) Estimate, Sales $118.777M Miss $126.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mesa Air Group (NASDAQ:MESA) reported Q1 2024 adjusted EPS of $(0.53), missing the $(0.32) estimate by 65.63%. Sales were $118.777M, missing the $126.000M estimate by 5.73% and down 19.29% from the same period last year.
May 20, 2024 | 11:10 am
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NEGATIVE IMPACT
Mesa Air Group reported disappointing Q1 2024 results with EPS and sales both missing analyst estimates. EPS was $(0.53) vs. $(0.32) expected, and sales were $118.777M vs. $126.000M expected, down 19.29% YoY.
The significant miss on both EPS and sales, combined with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100