PropertyGuru Group Q1 2024 GAAP EPS S$(0.04) Up From S$(0.06) YoY, Sales S$36.515M Miss S$37.331M Estimate
Portfolio Pulse from Benzinga Newsdesk
PropertyGuru Group (NYSE:PGRU) reported Q1 2024 GAAP EPS of S$(0.04), an improvement from S$(0.06) YoY. Sales were S$36.515M, missing the S$37.331M estimate but up 11.91% YoY.
May 21, 2024 | 5:27 am
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NEUTRAL IMPACT
PropertyGuru Group reported a quarterly loss of S$(0.04) per share, an improvement from S$(0.06) per share YoY. Sales increased by 11.91% YoY to S$36.515 million but missed the analyst estimate of S$37.331 million by 2.19%.
While the EPS improved YoY, the sales miss by 2.19% against the analyst estimate could neutralize the positive sentiment from the EPS improvement. The overall impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100