Jerash Holdings (US) Q1 EPS $(0.11) Misses $0.09 Estimate, Sales $40.94M Beat $39.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jerash Holdings (US) (NASDAQ:JRSH) reported Q1 earnings per share (EPS) of $(0.11), missing the analyst estimate of $0.08 by 237.5%. However, the company reported sales of $40.94 million, beating the estimate of $39.75 million by 2.98%.
August 13, 2024 | 12:15 pm
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NEGATIVE IMPACT
Jerash Holdings (US) reported a significant miss on Q1 EPS, coming in at $(0.11) versus the expected $0.08. However, the company beat sales estimates with $40.94 million in revenue. This mixed result may lead to short-term volatility in the stock price.
The significant miss on EPS is likely to weigh heavily on investor sentiment, despite the beat on sales. The 237.5% miss on EPS compared to estimates and a 375% decrease from the same period last year are particularly concerning. The sales beat, while positive, is not likely to fully offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100