Seacor Marine Hldgs Q2 2024 Adj EPS $(0.45) Misses $(0.16) Estimate, Sales $69.90M Beat $68.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seacor Marine Holdings (NYSE: SMHI) reported Q2 2024 adjusted EPS of $(0.45), missing the $(0.16) estimate by 181.25%. However, sales of $69.90M beat the $68.21M estimate, marking a 4.50% increase from last year's $66.89M.
July 31, 2024 | 9:34 pm
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Seacor Marine Holdings reported a significant EPS miss for Q2 2024, with a loss of $(0.45) per share against an estimated loss of $(0.16). However, the company exceeded sales expectations, reporting $69.90M in revenue, a 4.50% increase from the same period last year.
The significant EPS miss is likely to negatively impact investor sentiment and the stock price in the short term, despite the positive sales performance. The large discrepancy between expected and actual EPS suggests underlying issues that may concern investors.
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