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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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.
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RELEVANCE 100