Burford Capital Q2 2024 GAAP EPS $0.24 Misses $0.34 Estimate, Sales $159.653M Beat $153.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Burford Capital (NYSE:BUR) reported Q2 2024 earnings per share (EPS) of $0.24, missing the analyst consensus estimate of $0.34 by 29.41%. However, the company reported quarterly sales of $159.653 million, beating the estimate of $153.000 million by 4.35%. This represents a significant improvement over the same period last year, with EPS increasing by 340% and sales by 258.36%.
August 08, 2024 | 11:10 am
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Burford Capital reported Q2 2024 EPS of $0.24, missing the $0.34 estimate, but sales of $159.653M beat the $153.000M estimate. EPS increased by 340% YoY, and sales by 258.36% YoY.
While Burford Capital's EPS missed estimates, the significant YoY improvement in both EPS and sales, along with the sales beat, provides a mixed outlook. The market may react neutrally in the short term as investors weigh the EPS miss against the strong sales performance and YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100