Educational Development Q2 EPS $0.13 Up From $(0.10) YoY, Sales $10.59M Miss $26.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Educational Development Corporation reported Q2 earnings of $0.13 per share, a 230% increase YoY. However, the company's quarterly sales of $10.59M missed the analyst consensus estimate of $26.90M by 60.62%, marking a 45.45% decrease YoY.
October 12, 2023 | 8:03 pm
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NEUTRAL IMPACT
Educational Development Corporation's Q2 earnings beat last year's figures but sales significantly missed estimates.
While the company's earnings per share have increased significantly, the missed sales estimates could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100