MiX Telematics Q1 Adj EPADS $0.12 Misses $0.14 Estimate, Sales $36.65M Beat $35.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
MiX Telematics reported Q1 earnings of $0.12 per share, missing the analyst consensus estimate of $0.14 by 14.29%. However, the company's quarterly sales of $36.65 million beat the estimate of $35.70 million by 2.66%. This represents a 50% increase in earnings and a 4.54% increase in sales compared to the same period last year.
August 04, 2023 | 10:46 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
MiX Telematics' Q1 earnings missed estimates but sales exceeded expectations. This could lead to mixed market reactions.
While the earnings miss could negatively impact the stock, the sales beat and YoY growth could offset this and lead to a neutral or positive reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100