ZKH Group Q1 2024 Adj EPS $(0.04) Beats $(0.44) Estimate, Sales $257.663M Miss $1.958B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZKH Group (NYSE:ZKH) reported a Q1 2024 adjusted EPS of $(0.04), beating the analyst estimate of $(0.44). However, the company missed its sales estimate significantly, reporting $257.663 million against the expected $1.958 billion.
May 21, 2024 | 10:14 am
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ZKH Group reported a Q1 2024 adjusted EPS of $(0.04), significantly beating the analyst estimate of $(0.44). However, the company missed its sales estimate by a wide margin, reporting $257.663 million against the expected $1.958 billion.
While the EPS beat is a positive sign, the significant miss in sales could raise concerns about the company's revenue generation capabilities. This mixed result may lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100