Suburban Propane Partners Q3 EPS $(0.08), Inline, Sales $278.63M Miss $281.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Suburban Propane Partners (NYSE:SPH) reported Q3 losses of $(0.08) per share, in line with analyst consensus. This is a 100% increase in losses from the same period last year. The company's quarterly sales of $278.63M missed the analyst consensus of $281.00M by 0.84%, a 7.23% decrease from last year.
August 04, 2023 | 1:01 pm
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NEGATIVE IMPACT
Suburban Propane Partners reported increased losses and missed sales estimates for Q3. This could negatively impact investor sentiment.
Suburban Propane Partners reported a 100% increase in losses and a 7.23% decrease in sales compared to the same period last year. This missed analyst expectations, which could lead to a negative short-term impact on the stock price as it indicates a weaker financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100