Zedge Q4 2024 Adj EPS $0.02 Misses $0.04 Estimate, Sales $7.60M Miss $7.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zedge reported Q4 2024 earnings of $0.02 per share, missing the $0.04 estimate, and sales of $7.60M, below the $7.86M estimate. Despite missing estimates, sales increased by 15.15% from the previous year.
October 29, 2024 | 10:34 am
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NEGATIVE IMPACT
Zedge's Q4 2024 earnings and sales both missed analyst estimates, with EPS at $0.02 and sales at $7.60M. However, sales increased by 15.15% year-over-year.
Zedge's earnings per share and sales figures both fell short of analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 15.15% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100