Cimpress Q1 EPS $(0.50) Misses $0.29 Estimate, Sales $804.97M Beat $798.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cimpress reported a Q1 EPS loss of $(0.50), missing the $0.29 estimate, but sales of $804.97M beat the $798.92M estimate. EPS decreased by 394.12% from last year, while sales increased by 6.30%.
October 30, 2024 | 8:22 pm
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Cimpress reported a significant EPS miss for Q1, with a loss of $(0.50) compared to the expected $0.29. However, sales exceeded expectations, reaching $804.97M. The EPS miss is a major concern, indicating potential operational or market challenges.
The significant EPS miss suggests operational challenges or market issues, likely leading to negative investor sentiment. Despite sales beating estimates, the large EPS miss is likely to weigh more heavily on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100