Mesa Air Gr Q2 2024 Adj EPS $0.15 Beats $(0.11) Estimate, Sales $131.582M Miss $135.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mesa Air Group (NASDAQ:MESA) reported Q2 2024 adjusted EPS of $0.15, significantly beating the $(0.11) estimate, while sales of $131.582M missed the $135.000M estimate. EPS improved by 128.3% year-over-year, and sales increased by 8.00% from the same period last year.
June 18, 2024 | 11:13 am
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Mesa Air Group reported a strong Q2 2024 EPS of $0.15, beating estimates by 236.36%, but sales of $131.582M missed expectations. The EPS improvement and sales growth indicate positive operational performance, likely boosting investor confidence.
The significant EPS beat and year-over-year improvement in both EPS and sales suggest strong operational performance. Despite the slight miss in sales, the overall positive earnings report is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100