MediaAlpha Q2 2024 GAAP EPS $0.07 Beats $(0.03) Estimate, Sales $178.274M Beat $151.419M Estimate
Portfolio Pulse from Benzinga Newsdesk
MediaAlpha (NYSE:MAX) reported Q2 2024 earnings per share of $0.07, significantly beating the analyst estimate of $(0.03). The company also reported sales of $178.274 million, surpassing the $151.419 million estimate and marking a 110.42% increase from the same period last year.
July 31, 2024 | 8:37 pm
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MediaAlpha (NYSE:MAX) reported Q2 2024 earnings per share of $0.07, significantly beating the analyst estimate of $(0.03). The company also reported sales of $178.274 million, surpassing the $151.419 million estimate and marking a 110.42% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a substantial year-over-year increase in sales, is likely to positively impact MediaAlpha's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100