Snail Q2 EPS $0.06 Misses $0.18 Estimate, Sales $21.61M Miss $27.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snail (NASDAQ:SNAL) reported Q2 earnings per share of $0.06, missing the analyst estimate of $0.18 by 66.67%. Sales were $21.61M, missing the $27.80M estimate by 22.28%. Despite the misses, EPS increased by 154.55% and sales by 118.42% year-over-year.
August 13, 2024 | 8:09 pm
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Snail (NASDAQ:SNAL) reported Q2 EPS of $0.06, missing the $0.18 estimate by 66.67%. Sales of $21.61M missed the $27.80M estimate by 22.28%. Despite the misses, EPS increased by 154.55% and sales by 118.42% YoY.
The significant misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the substantial year-over-year improvements in both EPS and sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100