RadNet Q2 2024 Adj. EPS $0.16 Misses $0.17 Estimate, Sales $459.714M Beat $438.502M Estimate
Portfolio Pulse from Benzinga Newsdesk
RadNet (NASDAQ:RDNT) reported Q2 2024 earnings per share of $0.16, missing the analyst consensus estimate of $0.17 by 5.88%. However, the company reported sales of $459.714 million, beating the estimate of $438.502 million by 4.84% and showing a 13.87% increase from the same period last year.
August 07, 2024 | 9:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RadNet's Q2 2024 earnings per share missed estimates by 5.88%, but sales beat expectations by 4.84% and increased 13.87% year-over-year.
The mixed results, with EPS missing but sales beating estimates and showing significant year-over-year growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100