Sadot Group First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Sadot Group (NASDAQ:SDOT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$107.9m (down 49% from 1Q 2023).
• Net loss: US$265.0k (loss narrowed by 75% from 1Q 2023).
• US$0.006 loss per share (improved from US$0.036 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sadot Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Sadot Group (2 shouldn't be ignored!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.