MediaAlpha Q3 2024 GAAP EPS $0.17 Beats $0.04 Estimate, Sales $259.133M Beat $247.113M Estimate
Portfolio Pulse from Benzinga Newsdesk
MediaAlpha (NYSE:MAX) reported Q3 2024 earnings of $0.17 per share, significantly beating the $0.04 estimate, and sales of $259.133M, surpassing the $247.113M estimate. This marks a substantial improvement from the previous year's losses and sales figures.
October 30, 2024 | 8:37 pm
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MediaAlpha's Q3 2024 earnings per share of $0.17 beat expectations by 325%, and sales of $259.133M exceeded estimates by 4.86%. This reflects a significant turnaround from last year's losses and lower sales.
The substantial beat on both EPS and sales estimates, along with a significant year-over-year improvement, suggests strong operational performance and could lead to positive investor sentiment, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100