PACS Group Q2 2024 GAAP EPS $(0.07) Misses $0.35 Estimate, Sales $981.85M Beat $916.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
PACS Group (NYSE:PACS) reported a Q2 2024 GAAP EPS of $(0.07), missing the analyst estimate of $0.35 by 120%. However, the company reported sales of $981.85M, beating the $916.50M estimate by 7.13% and showing a 29.08% increase from the same period last year.
August 12, 2024 | 8:11 pm
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PACS Group reported a Q2 2024 GAAP EPS of $(0.07), missing the analyst estimate of $0.35 by 120%. However, the company reported sales of $981.85M, beating the $916.50M estimate by 7.13% and showing a 29.08% increase from the same period last year.
The significant miss on EPS is a negative indicator and could lead to a short-term decline in stock price. However, the strong sales performance and year-over-year growth may offset some of the negative sentiment, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100