RGC Resources Q3 EPS $0.07 Up From $0.06 YoY, Sales $13.66M Miss $18.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
RGC Resources (NASDAQ:RGCO) reported Q3 earnings of $0.07 per share, a 16.67% increase YoY. However, the company's quarterly sales of $13.66M missed the analyst consensus estimate of $18.00M by 24.11%, marking a 20.86% decrease YoY.
August 04, 2023 | 2:40 pm
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NEUTRAL IMPACT
RGC Resources reported a YoY increase in Q3 earnings but missed sales estimates significantly. This could potentially impact investor sentiment.
While RGC Resources reported a YoY increase in Q3 earnings, the significant miss on sales estimates could negatively impact investor sentiment. However, the overall impact on the stock price is uncertain as the positive earnings could offset the negative sales performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100