Quipt Home Medical Q3 2024 GAAP EPS $(0.04) Misses $(0.01) Estimate, Sales $63.97M Miss $65.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quipt Home Medical (NASDAQ:QIPT) reported Q3 2024 GAAP EPS of $(0.04), missing the $(0.01) estimate by 300%. Sales were $63.97M, missing the $65.05M estimate by 1.66%. EPS decreased by 33.33% YoY, while sales increased by 6.11% YoY.
August 14, 2024 | 9:57 pm
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NEGATIVE IMPACT
Quipt Home Medical reported Q3 2024 GAAP EPS of $(0.04), missing the $(0.01) estimate by 300%. Sales were $63.97M, missing the $65.05M estimate by 1.66%. EPS decreased by 33.33% YoY, while sales increased by 6.11% YoY.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact the stock price in the short term. The YoY decrease in EPS further adds to the negative sentiment, despite the YoY increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100