Eventbrite Q2 2024 GAAP EPS $0.01 Beats $(0.04) Estimate, Sales $84.55M Miss $86.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eventbrite (NYSE:EB) reported Q2 2024 earnings per share (EPS) of $0.01, beating the analyst consensus estimate of $(0.04) by 125%. However, the company's sales of $84.55 million missed the analyst estimate of $86.42 million by 2.17%. This represents a 7.15% increase over the same period last year.
August 08, 2024 | 8:32 pm
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POSITIVE IMPACT
Eventbrite's Q2 2024 EPS of $0.01 beat estimates by 125%, but sales of $84.55M missed by 2.17%. Sales increased by 7.15% YoY.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss in sales. The YoY sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100