Avantax Q2 Adj EPS $0.36 Beats $0.14 Estimate, Sales $186.93M Miss $188.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avantax (NASDAQ:AVTA) reported Q2 adjusted earnings of $0.36 per share, beating the analyst consensus estimate of $0.14 by 157.14%. However, the company's quarterly sales of $186.93 million missed the analyst consensus estimate of $188.87 million by 1.03%.
August 09, 2023 | 8:08 pm
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NEUTRAL IMPACT
Avantax's Q2 earnings exceeded expectations, but sales fell short of estimates.
Avantax's earnings beat could potentially boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100