Atlanticus Holdings Q2 2024 GAAP EPS $0.99 Misses $1.21 Estimate, Sales $316.023M Miss $327.464M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlanticus Holdings (NASDAQ:ATLC) reported Q2 2024 earnings per share (EPS) of $0.99, missing the analyst estimate of $1.21 by 18.18%. Sales were $316.023 million, also missing the estimate of $327.464 million by 3.49%. Despite the misses, sales increased by 8.66% year-over-year.
August 09, 2024 | 5:50 am
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NEGATIVE IMPACT
Atlanticus Holdings reported Q2 2024 EPS of $0.99, missing the $1.21 estimate by 18.18%. Sales of $316.023M also missed the $327.464M estimate by 3.49%. Despite the misses, sales increased by 8.66% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100