Southland Holdings Q2 Adj EPS $(0.76) Misses $0.34 Estimate, Sales $256.93M Miss $257.00M Estimate
Portfolio Pulse from totan@benzinga.com
Southland Holdings (AMEX:SLND) reported Q2 losses of $(0.76) per share, missing the analyst consensus estimate of $0.34 by 323.53 percent. The company also reported quarterly sales of $256.93 million, missing the analyst consensus estimate of $257.00 million by 0.03 percent.
August 14, 2023 | 9:26 pm
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NEGATIVE IMPACT
Southland Holdings' Q2 results missed both EPS and sales estimates, which could negatively impact the stock in the short term.
Southland Holdings reported Q2 losses that were significantly worse than expected, and also missed sales estimates. This negative earnings surprise is likely to lead to a short-term decrease in the stock price as it indicates the company's performance was worse than the market expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100