Pricesmart Q3 Adj EPS $1.02 Beats $0.85 Estimate, Sales $1.07B Miss $1.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pricesmart reported Q3 earnings of $1.02 per share, beating the analyst consensus estimate of $0.85 by 20%. This is a 64.52% increase from the same period last year. However, the company's quarterly sales of $1.07 billion missed the analyst consensus estimate of $1.10 billion by 2.70%. This is a 3.81% increase from the same period last year.
July 10, 2023 | 8:04 pm
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NEUTRAL IMPACT
Pricesmart's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Pricesmart's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100