Great Ajax Q2 2024 Adj EPS $(0.24) Misses $(0.15) Estimate, Sales $(8.958M) Miss $4.983M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Ajax (NYSE:AJX) reported Q2 2024 adjusted EPS of $(0.24), missing the $(0.15) estimate by 60%. Sales were $(8.958M), missing the $4.983M estimate by 279.77% and down 271.09% from last year's $(2.414M).
July 24, 2024 | 10:48 am
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NEGATIVE IMPACT
Great Ajax (NYSE:AJX) reported disappointing Q2 2024 results with EPS of $(0.24) missing estimates by 60% and sales of $(8.958M) missing by 279.77%. This significant underperformance is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales compared to analyst estimates, along with a substantial year-over-year decline in sales, indicates poor financial performance. This is likely to lead to a negative market reaction and a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100