Reported Monday, Reliance Global Group Q1 EPS $(0.81) Down From $(0.59) YoY, Sales $4.08M Up From $3.94M YoY
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group (NASDAQ:RELI) reported a Q1 EPS of $(0.81), a 37.29% decrease from $(0.59) YoY, with sales of $4.08M, a 3.63% increase from $3.94M YoY.
May 21, 2024 | 11:52 am
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NEGATIVE IMPACT
Reliance Global Group reported a significant decrease in Q1 EPS to $(0.81) from $(0.59) YoY, despite a slight increase in sales to $4.08M from $3.94M YoY.
The significant decrease in EPS indicates worsening profitability, which is likely to negatively impact the stock price in the short term, despite the slight increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100