Sacks Parente Golf Q2 EPS $(0.79) Down From $(0.62) YoY, Sales $813.00K Beat $710.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Sacks Parente Golf (NASDAQ:SPGC) reported a significant increase in quarterly sales to $813K, beating estimates, but also reported a substantial increase in losses per share to $(0.79).
August 05, 2024 | 12:23 pm
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NEUTRAL IMPACT
Sacks Parente Golf reported a significant increase in quarterly sales to $813K, beating analyst estimates by 14.51%. However, the company also reported a substantial increase in losses per share to $(0.79), a 1216.67% decrease from the same period last year.
The significant increase in sales is a positive indicator and beating analyst estimates is generally favorable. However, the substantial increase in losses per share is a major concern. The mixed results are likely to result in a neutral short-term impact on the stock price as investors weigh the positive sales growth against the negative earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100