Regional Mgmt Q2 EPS $0.63 Beats $0.52 Estimate, Sales $133.48M Beat $132.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Regional Mgmt (NYSE:RM) reported Q2 earnings of $0.63 per share, beating the analyst consensus estimate of $0.52 by 21.15%. However, this is a 49.19% decrease from the same period last year. The company also reported quarterly sales of $133.48 million, beating the estimate of $132.61 million by 0.66%, marking an 8.64% increase from last year.
August 04, 2023 | 12:25 pm
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Regional Mgmt's Q2 earnings and sales beat estimates, but earnings are down 49.19% YoY. Sales are up 8.64% YoY.
While Regional Mgmt beat earnings and sales estimates, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The increase in sales YoY is a positive sign, but it's unclear how the market will react to the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100