Issuer Direct Q2 Adj EPS $0.53 Beats $0.42 Estimate, Sales $9.65M Miss $10.36M Estimate
Portfolio Pulse from totan@benzinga.com
Issuer Direct reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.42 by 26.19%. This is an 82.76% increase from the same period last year. However, the company's quarterly sales of $9.65 million missed the analyst consensus estimate of $10.36 million by 6.84%, but still represented a 66.20% increase from the same period last year.
August 10, 2023 | 8:04 pm
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NEUTRAL IMPACT
Issuer Direct's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
Issuer Direct's earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100