The One Group Hospitality Q2 EPS $0.06 Misses $0.15 Estimate, Sales $83.39M Miss $91.63M Estimate
Portfolio Pulse from mahesh@benzinga.com
The One Group Hospitality (NASDAQ:STKS) reported Q2 earnings of $0.06 per share, missing the analyst consensus estimate of $0.15 by 60%. The company also reported quarterly sales of $83.39 million, missing the analyst consensus estimate of $91.63 million by 8.99%. This represents a 60% decrease in earnings and a 2.80% increase in sales compared to the same period last year.
August 04, 2023 | 2:23 pm
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NEGATIVE IMPACT
The One Group Hospitality's Q2 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
The One Group Hospitality reported lower than expected earnings and sales for Q2. This miss could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100