Reliance Global Group Q2 EPS $(2.76) Up From $(24.21) YoY, Sales $3.23M Miss $3.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group (NASDAQ:RELI) reported Q2 EPS of $(2.76), an 88.6% improvement from $(24.21) YoY, but missed sales estimates with $3.23M against the expected $3.60M.
July 25, 2024 | 8:43 pm
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Reliance Global Group reported a significant improvement in EPS for Q2, but missed sales estimates. The EPS improved to $(2.76) from $(24.21) YoY, while sales were $3.23M, missing the $3.60M estimate.
The significant improvement in EPS is a positive sign, but the miss on sales estimates could offset this positive sentiment. Investors may have mixed reactions, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100