CaliberCos Q2 2024 GAAP EPS $(0.22) Misses $(0.11) Estimate, Sales $8.179M Beat $6.758M Estimate
Portfolio Pulse from Benzinga Newsdesk
CaliberCos (NASDAQ:CWD) reported Q2 2024 GAAP EPS of $(0.22), missing the $(0.11) estimate, but sales of $8.179M beat the $6.758M estimate. Sales decreased by 60% compared to the same period last year.
August 12, 2024 | 8:35 pm
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NEGATIVE IMPACT
CaliberCos reported a significant earnings miss with a GAAP EPS of $(0.22) versus the $(0.11) estimate. However, sales of $8.179M beat expectations. Sales decreased by 60% year-over-year.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the sales beat. The 60% YoY sales decline adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100