Establishment Labs Hldgs Q2 2024 GAAP EPS $(0.62) Misses $(0.51) Estimate, Sales $44.117M Beat $43.095M Estimate
Portfolio Pulse from Benzinga Newsdesk
Establishment Labs Holdings (NASDAQ:ESTA) reported Q2 2024 GAAP EPS of $(0.62), missing the $(0.51) estimate, but sales of $44.117M beat the $43.095M estimate. Sales decreased by 9.15% compared to the same period last year.
August 06, 2024 | 8:29 pm
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NEGATIVE IMPACT
Establishment Labs Holdings reported a Q2 2024 GAAP EPS of $(0.62), missing the $(0.51) estimate by 21.57%. However, sales of $44.117M beat the $43.095M estimate by 2.37%. Sales decreased by 9.15% YoY.
The significant EPS miss by 21.57% is likely to negatively impact the stock price in the short term, despite the slight sales beat. The YoY sales decline of 9.15% adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100