BrightSpring Health Q3 Adj $0.11 Misses $0.17 Estimate, Sales $2.91B Beat $2.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
BrightSpring Health reported Q3 earnings of $0.11 per share, missing the $0.17 estimate, but sales of $2.91B beat the $2.72B estimate. Earnings increased significantly from last year's loss, and sales grew by 28.80% year-over-year.
November 01, 2024 | 10:06 am
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NEUTRAL IMPACT
BrightSpring Health's Q3 earnings per share of $0.11 missed the $0.17 estimate, but sales of $2.91B exceeded expectations. Despite the earnings miss, the company showed significant improvement from last year's loss and strong sales growth.
The earnings miss could negatively impact the stock price, but the strong sales beat and significant improvement from last year's loss may offset this. The mixed results suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100