LM Funding America Q2 2024 GAAP EPS $(2.44) Misses $(1.30) Estimate, Sales $3.011M Beat $2.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
LM Funding America (NASDAQ:LMFA) reported Q2 2024 GAAP EPS of $(2.44), missing the $(1.30) estimate by 87.69%. However, sales of $3.011M beat the $2.800M estimate by 7.54%, despite a 5.76% decrease from the same period last year.
August 14, 2024 | 12:09 pm
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NEGATIVE IMPACT
LM Funding America reported a significant EPS miss but a slight sales beat for Q2 2024. The EPS miss is likely to weigh heavily on investor sentiment, while the sales beat may provide a minor offset.
The significant EPS miss is likely to have a negative impact on the stock price in the short term, despite the sales beat. The market generally reacts more strongly to earnings misses than to sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100