Recap: Arco Platform Q1 Earnings
Portfolio Pulse from Benzinga Insights
Arco Platform (NASDAQ:ARCE) reported Q1 earnings with an EPS of $-0.12, missing estimates by 33.33%. Revenue was up $20.75 million YoY. Last quarter, the company missed EPS by $0.01, resulting in an 11.47% share price drop the next day.
May 25, 2023 | 8:20 pm
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NEGATIVE IMPACT
Arco Platform's Q1 earnings missed estimates with an EPS of $-0.12. This follows last quarter's miss, which led to an 11.47% share price drop the next day.
Arco Platform missed Q1 earnings estimates by 33.33%, reporting an EPS of $-0.12. This follows a similar miss last quarter, which resulted in an 11.47% share price drop the next day. Given this pattern, it is likely that the stock price will be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100