Sachem Cap Q2 EPS $(0.09) Misses $0.10 Estimate, Sales $15.15M Miss $16.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sachem Capital (AMEX:SACH) reported a significant earnings miss for Q2, with EPS of $(0.09) falling short of the $0.10 estimate by 190%. Sales also missed expectations, coming in at $15.15M versus the $16.25M estimate, marking a 7.97% decline from the same period last year.
August 14, 2024 | 11:21 am
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Sachem Capital reported a significant miss in both earnings and sales for Q2. EPS of $(0.09) missed the $0.10 estimate by 190%, and sales of $15.15M missed the $16.25M estimate by 6.79%. Both metrics also showed declines from the same period last year.
The significant miss in both earnings and sales, combined with the year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100