Jerash Holdings (US) Q1 EPS $0.04 Beats $0.02 Estimate, Sales $34.74M Beat $31.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jerash Holdings (US) (NASDAQ:JRSH) reported Q1 earnings of $0.04 per share, beating the analyst consensus estimate of $0.02 by 100%. However, this is a 71.43% decrease from the same period last year. The company also reported quarterly sales of $34.74 million, beating the analyst consensus estimate of $31.25 million by 11.15%, a 3.88% increase from the same period last year.
August 09, 2023 | 12:03 pm
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NEUTRAL IMPACT
Jerash Holdings reported better than expected Q1 earnings and sales, but a decrease in earnings from the same period last year.
While the company beat Q1 earnings and sales estimates, the decrease in earnings from the same period last year might offset the positive impact of the beat. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100