Super Group (SGHC) Q2 2024 GAAP EPS $(0.17) Misses $0.10 Estimate, Sales $446.520M Beat $402.475M Estimate
Portfolio Pulse from Benzinga Newsdesk
Super Group (SGHC) reported Q2 2024 GAAP EPS of $(0.17), missing the $0.10 estimate by 270%. However, sales of $446.520M beat the $402.475M estimate by 10.94%, marking a 7.59% increase from the same period last year.
August 07, 2024 | 11:36 am
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NEUTRAL IMPACT
Super Group (SGHC) reported a significant EPS miss but a notable sales beat for Q2 2024. The EPS of $(0.17) missed the $0.10 estimate by 270%, while sales of $446.520M exceeded the $402.475M estimate by 10.94%, showing a 7.59% YoY increase.
The significant EPS miss is likely to concern investors, potentially putting downward pressure on the stock. However, the strong sales beat and YoY growth may offset some of the negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100