One Stop Systems Q2 2024 Adj. EPS $(0.09) Misses $(0.04) Estimate, Sales $13.201M Beat $12.980M Estimate
Portfolio Pulse from Benzinga Newsdesk
One Stop Systems (NASDAQ:OSS) reported Q2 2024 adjusted EPS of $(0.09), missing the $(0.04) estimate by 125%. However, sales of $13.201M beat the $12.980M estimate by 1.71%, though this is a 23.30% decrease from the same period last year.
August 08, 2024 | 9:02 pm
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One Stop Systems (OSS) reported a significant EPS miss for Q2 2024, with adjusted EPS of $(0.09) compared to the $(0.04) estimate. However, sales slightly beat expectations at $13.201M, though this represents a 23.30% decline from the same period last year.
The significant EPS miss is likely to negatively impact investor sentiment and the stock price in the short term. Although sales beat estimates, the year-over-year decline of 23.30% in revenue adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100