Bridger Aerospace Gr Q2 2024 GAAP EPS $(0.33) Misses $(0.25) Estimate, Sales $13.014M Miss $16.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridger Aerospace Group (NASDAQ: BAER) reported Q2 2024 GAAP EPS of $(0.33), missing the $(0.25) estimate by 32%. Sales were $13.014M, missing the $16.000M estimate by 18.66%. Despite the misses, EPS improved by 40% and sales increased by 12.04% YoY.
August 12, 2024 | 8:16 pm
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NEGATIVE IMPACT
Bridger Aerospace Group reported Q2 2024 GAAP EPS of $(0.33), missing the $(0.25) estimate by 32%. Sales were $13.014M, missing the $16.000M estimate by 18.66%. Despite the misses, EPS improved by 40% and sales increased by 12.04% YoY.
The significant misses on both EPS and sales estimates are likely to negatively impact BAER's stock price in the short term. However, the year-over-year improvements in EPS and sales may provide some support, mitigating the downside to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100