Chicago Atlantic Real Q2 Adj EPS $0.55 Beats $0.54 Estimate, Sales $14.66M Miss $15.65M Estimate
Portfolio Pulse from vinayak@benzinga.com
Chicago Atlantic Real (NASDAQ:REFI) reported Q2 earnings of $0.55 per share, beating the analyst consensus estimate of $0.54 by 1.85%. This is a 10% increase from the same period last year. However, the company's quarterly sales of $14.66 million missed the analyst consensus estimate of $15.65 million by 6.33%, but still represented a 23.70% increase from the same period last year.
August 09, 2023 | 11:30 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Chicago Atlantic Real's Q2 earnings beat estimates, but sales fell short. Both earnings and sales increased year-over-year.
Chicago Atlantic Real's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect could be neutral in the short term. The year-over-year increases in both earnings and sales are positive signs of growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100