Reservoir Media Q4 2024 GAAP EPS $0.04 Beats $0.01 Estimate, Sales $39.145M Beat $35.364M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media (NASDAQ:RSVR) reported Q4 2024 earnings per share of $0.04, surpassing the analyst estimate of $0.01 by 300%. The company also reported sales of $39.145 million, beating the estimate of $35.364 million by 10.69% and showing a 12.45% increase from the same period last year.
May 30, 2024 | 11:03 am
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Reservoir Media reported strong Q4 2024 earnings, with EPS of $0.04 beating estimates by 300% and sales of $39.145 million exceeding expectations by 10.69%. This performance also marks a 12.45% increase in sales compared to the same period last year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact RSVR's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100