Surf Air Mobility Inc. Common Stock Q2 2024 GAAP EPS $(0.33) Misses $(0.32) Estimate, Sales $32.37M Beat $29.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility Inc. (NYSE:SRFM) reported Q2 2024 GAAP EPS of $(0.33), missing the $(0.32) estimate, but achieved sales of $32.37M, beating the $29.42M estimate. EPS improved significantly from $(3.14) last year, and sales surged by 422.45% from $6.20M.
August 14, 2024 | 8:16 pm
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Surf Air Mobility Inc. reported a Q2 2024 GAAP EPS of $(0.33), missing the $(0.32) estimate, but achieved sales of $32.37M, beating the $29.42M estimate. EPS improved significantly from $(3.14) last year, and sales surged by 422.45% from $6.20M.
Despite missing the EPS estimate by a small margin, the significant improvement in EPS from last year and the substantial beat in sales estimates are positive indicators. The market is likely to react favorably to the strong sales growth and improved earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100