Fathom Holdings Q2 2024 GAAP EPS $(0.07) Beats $(0.21) Estimate, Sales $89.207M Beat $87.857M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fathom Holdings (NASDAQ:FTHM) reported Q2 2024 GAAP EPS of $(0.07), beating the $(0.21) estimate, and sales of $89.207M, surpassing the $87.857M estimate. Despite a 10.88% YoY sales decline, EPS improved by 74.07% from $(0.27) last year.
August 12, 2024 | 8:14 pm
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POSITIVE IMPACT
Fathom Holdings reported better-than-expected Q2 2024 results with GAAP EPS of $(0.07) beating the $(0.21) estimate and sales of $89.207M surpassing the $87.857M estimate. Despite a YoY sales decline, the significant improvement in EPS is a positive indicator.
The better-than-expected EPS and sales figures, along with a significant improvement in EPS from the previous year, are likely to positively impact FTHM's stock price in the short term. The YoY sales decline is a concern but is outweighed by the strong EPS performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100