Performance Shipping Q2 2024 GAAP EPS $0.26, Inline, Sales $20.50M Miss $22.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Shipping (NASDAQ:PSHG) reported Q2 2024 GAAP EPS of $0.26, meeting analyst expectations. However, the company missed sales estimates, reporting $20.50 million against the expected $22.60 million, a 9.29% shortfall and a 34.83% decrease from the same period last year.
July 25, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Performance Shipping reported Q2 2024 GAAP EPS of $0.26, meeting analyst expectations. However, the company missed sales estimates, reporting $20.50 million against the expected $22.60 million, a 9.29% shortfall and a 34.83% decrease from the same period last year.
While the EPS met expectations, the significant miss on sales and the year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100