Reservoir Media Q1 EPS $(0.01) Misses $0.03 Estimate, Sales $34.32M Beat $33.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media (NASDAQ:RSVR) reported a Q1 EPS of $(0.01), missing the $0.03 estimate, but achieved sales of $34.32M, beating the $33.92M estimate. Sales increased by 7.79% year-over-year.
July 31, 2024 | 11:12 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Reservoir Media reported a Q1 EPS of $(0.01), missing the $0.03 estimate by 133.33%, but achieved sales of $34.32M, beating the $33.92M estimate by 1.17%. Sales increased by 7.79% year-over-year.
The significant miss on EPS by 133.33% is likely to negatively impact the stock price in the short term, despite the slight beat on sales and year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100