Core Labs Sees Q3 EPS $0.21-$0.25 vs $0.23 Est., Sales $128M-$132M vs $135.99M Est.
Portfolio Pulse from Bill Haddad
Core Labs has projected its Q3 earnings per share (EPS) to be between $0.21 and $0.25, compared to the estimated $0.23. The company also expects sales to range from $128M to $132M, lower than the estimated $135.99M.
July 26, 2023 | 9:28 pm
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NEGATIVE IMPACT
Core Labs' Q3 EPS and sales projections are slightly below estimates. This could potentially impact the company's stock negatively in the short term.
Core Labs' lower than expected Q3 EPS and sales forecasts could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100