Cemtrex Q3 EPS $(1.29) Misses $(0.34) Estimate, Sales $14.73M Beat $14.45M Estimate
Portfolio Pulse from bharat@benzinga.com
Cemtrex reported Q3 losses of $(1.29) per share, missing the analyst consensus estimate of $(0.34) by 279.41%. This is a 22.86% decrease over losses from the same period last year. However, the company's quarterly sales of $14.73 million beat the analyst consensus estimate of $14.45 million by 1.94%, marking an 8.06% increase over sales from the same period last year.
August 10, 2023 | 8:34 pm
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NEUTRAL IMPACT
Cemtrex's Q3 earnings per share missed estimates significantly, but sales beat estimates slightly. This mixed result could lead to uncertainty in the market.
Cemtrex's earnings per share missed estimates by a significant margin, which could negatively impact the stock price. However, the company's sales beat estimates, which could offset some of the negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100