RCI Hospitality Hldgs Q3 EPS $1.30 Misses $1.33 Estimate, Sales $77.10M Beat $77.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
RCI Hospitality Hldgs (NASDAQ:RICK) reported Q3 earnings of $1.30 per share, missing the analyst consensus estimate of $1.33 by 2.26 percent. This is a 18.75 percent decrease from the same period last year. However, the company's quarterly sales of $77.10 million beat the analyst consensus estimate of $77.08 million by 0.03 percent, marking a 9.03 percent increase from the same period last year.
August 09, 2023 | 8:09 pm
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RCI Hospitality Hldgs reported lower than expected Q3 earnings but higher sales. Earnings per share decreased by 18.75% YoY, while sales increased by 9.03% YoY.
The company's earnings per share missed the analyst consensus estimate and decreased from the same period last year, which could negatively impact the stock price. However, the increase in sales could offset some of this negative impact.
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