LuxUrban Hotels Q2 2024 GAAP EPS $(0.41) Misses $(0.12) Estimate, Sales $18.186 Miss $26.350M Estimate
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels reported a significant miss in both earnings and sales for Q2 2024. The company's GAAP EPS was $(0.41), missing the $(0.12) estimate, and sales were $18.186 million, missing the $26.350 million estimate. This represents a 100% decrease in sales compared to the same period last year.
September 25, 2024 | 8:38 pm
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NEGATIVE IMPACT
LuxUrban Hotels reported a significant earnings and sales miss for Q2 2024. The EPS of $(0.41) was far below the expected $(0.12), and sales of $18.186 million missed the $26.350 million estimate. This poor performance is likely to negatively impact the stock price in the short term.
The significant miss in both EPS and sales compared to analyst estimates indicates poor financial performance, which is likely to lead to a negative reaction from investors. The 100% decrease in sales year-over-year further exacerbates the situation, suggesting potential operational challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100