Embecta Q3 Adj. EPS $0.69 Beats $0.46 Estimate, Sales $286.10M Beat $274.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Embecta (NASDAQ:EMBC) reported Q3 earnings of $0.69 per share, beating the analyst consensus estimate of $0.46 by 50%. However, this is a 35.51% decrease from the same period last year. The company also reported quarterly sales of $286.10 million, beating the analyst consensus estimate of $274.95 million by 4.06%, but this is a 1.72% decrease from the same period last year.
August 08, 2023 | 10:32 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Embecta's Q3 earnings and sales exceeded estimates, but both showed a decrease compared to the same period last year. This mixed result could lead to uncertain market reactions.
Embecta's Q3 results exceeded analyst estimates, which is generally a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, potentially offsetting the positive impact of beating estimates. Therefore, the short-term impact on the stock is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100