Motorsport Games Q2 2024 GAAP EPS $0.87 Beats $0.69 Estimate, Sales $1.881M Beat $1.556M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorsport Games (NASDAQ:MSGM) reported Q2 2024 GAAP EPS of $0.87, beating the estimate of $0.69 by 26.09%. The company also reported sales of $1.881 million, surpassing the estimate of $1.556 million by 20.85%. This represents an 8.17% increase over the same period last year.
August 09, 2024 | 8:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Motorsport Games (NASDAQ:MSGM) reported strong Q2 2024 earnings and sales, significantly beating analyst estimates. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The company's earnings per share (EPS) and sales both exceeded analyst expectations by significant margins. This strong financial performance is likely to increase investor confidence and result in a short-term price increase for MSGM.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100