Chicago Atlantic Real Q2 2024 Adj. EPS $0.50 Misses $0.51 Estimate, Sales $15.022M Miss $16.241M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chicago Atlantic Real (NASDAQ:REFI) reported Q2 2024 adjusted EPS of $0.50, missing the $0.51 estimate. Sales were $15.022M, below the $16.241M estimate, but up 2.48% from last year.
August 07, 2024 | 11:03 am
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Chicago Atlantic Real (NASDAQ:REFI) reported Q2 2024 adjusted EPS of $0.50, missing the $0.51 estimate. Sales were $15.022M, below the $16.241M estimate, but up 2.48% from last year.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100