PhenixFIN Q3 EPS $0.58 Misses $0.78 Estimate, Sales $4.84M Miss $4.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
PhenixFIN (NASDAQ:PFX) reported Q3 earnings of $0.58 per share, missing the analyst consensus estimate of $0.78 by 25.64%. The company also reported quarterly sales of $4.84 million, missing the analyst consensus estimate of $4.89 million by 1.04%. Despite the misses, this represents a 544.44% increase in earnings and a 32.25% increase in sales compared to the same period last year.
August 11, 2023 | 5:30 am
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NEGATIVE IMPACT
PhenixFIN's Q3 earnings and sales missed estimates, but showed significant YoY growth. The misses may negatively impact the stock in the short term, but the YoY growth could be a positive signal for long-term investors.
PhenixFIN's Q3 earnings and sales missed analyst estimates, which could lead to a short-term negative impact on the stock as it indicates the company underperformed expectations. However, the significant YoY growth in earnings and sales could be seen as a positive signal for long-term investors, indicating the company's overall growth trend.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100