Saga Communications Q2 EPS $0.40 Beats $0.29 Estimate, Sales $28.74M Miss $28.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saga Communications (NASDAQ:SGA) reported Q2 earnings per share (EPS) of $0.40, beating the analyst estimate of $0.29 by 37.93%. However, sales of $28.74 million missed the estimate of $28.80 million by 0.20%. Compared to the same period last year, EPS decreased by 27.27% and sales decreased by 1.48%.
August 08, 2024 | 1:08 pm
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Saga Communications reported Q2 EPS of $0.40, beating estimates by 37.93%, but sales of $28.74M missed estimates by 0.20%. EPS and sales both decreased year-over-year.
While the EPS beat the estimates significantly, the miss on sales and the year-over-year decline in both EPS and sales may neutralize the positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100