DigitalBridge Gr Q3 2024 Adj. EPS $0.06 Misses $0.15 Estimate, Sales $76.125M Miss $98.416M Estimate
Portfolio Pulse from Benzinga Newsdesk
DigitalBridge Group reported Q3 2024 earnings per share of $0.06, missing the analyst estimate of $0.15 by 60%. Sales were $76.125M, missing the $98.416M estimate by 22.65% and down 71.02% from last year.
November 01, 2024 | 11:21 am
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DigitalBridge Group's Q3 2024 earnings and sales significantly missed analyst estimates, with a 60% EPS miss and a 22.65% sales miss. Sales also decreased by 71.02% year-over-year.
The significant miss on both EPS and sales compared to analyst estimates, along with a substantial year-over-year sales decline, is likely to negatively impact DBRG's stock price in the short term.
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