Genius Sports Q2 2024 GAAP EPS $(0.09) Misses $(0.03) Estimate, Sales $95.447M Beat $94.213M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genius Sports (NYSE: GENI) reported Q2 2024 GAAP EPS of $(0.09), missing the $(0.03) estimate by 200%. However, sales of $95.447M beat the $94.213M estimate by 1.31%. EPS decreased by 80% YoY, while sales increased by 9.90% YoY.
August 06, 2024 | 11:02 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Genius Sports reported a significant miss on EPS, with a loss of $(0.09) per share compared to the $(0.03) estimate, representing a 200% miss. However, sales were slightly better than expected, coming in at $95.447M versus the $94.213M estimate. Despite the sales beat, the substantial EPS miss and the 80% YoY decrease in EPS are likely to negatively impact the stock price in the short term.
The significant miss on EPS by 200% and the 80% YoY decrease in EPS are likely to overshadow the slight sales beat, leading to negative sentiment and short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100