CPSI Q2 Adj EPS $0.40 Misses $0.58 Estimate, Sales $84.62M Miss $86.07M Estimate
Portfolio Pulse from bharat@benzinga.com
CPSI reported Q2 earnings of $0.40 per share, missing the analyst consensus estimate of $0.58 by 31.03%. This is a 32.2% decrease from the same period last year. The company also reported quarterly sales of $84.62 million, missing the analyst consensus estimate of $86.07 million by 1.68%. This is a 2.29% increase from the same period last year.
August 09, 2023 | 8:22 pm
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NEGATIVE IMPACT
CPSI's Q2 earnings and sales missed analyst estimates, with a significant decrease in earnings per share compared to the same period last year.
CPSI's earnings and sales both missed analyst estimates, which is typically a negative signal to the market. The significant decrease in earnings per share compared to the same period last year further suggests potential challenges in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100