Ibotta Q2 Adj EPS $0.68 Down From $0.69 YoY, Sales $87.93M Beat $85.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ibotta (NYSE:IBTA) reported Q2 adjusted EPS of $0.68, a slight decrease from $0.69 YoY, but sales of $87.93M beat estimates of $85.73M, showing a 13.62% increase YoY.
August 13, 2024 | 8:11 pm
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Ibotta's Q2 adjusted EPS slightly decreased to $0.68 from $0.69 YoY, but the company reported a significant sales increase of 13.62% YoY to $87.93M, beating analyst estimates.
While the EPS saw a slight decline, the significant increase in sales and beating of analyst estimates are positive indicators for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100