Healthcare Services Group Q3 Adj EPS $0.17 Misses $0.18 Estimate, Sales $411.39M Miss $423.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Healthcare Services Group (NASDAQ:HCSG) reported Q3 adjusted earnings of $0.17 per share, missing the analyst consensus estimate of $0.18 by 5.56%. The company also reported quarterly sales of $411.39 million, missing the analyst consensus estimate of $423.64 million by 2.89%. This represents a 0.75% decrease over sales of $414.49 million in the same period last year.
October 25, 2023 | 11:05 am
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NEGATIVE IMPACT
Healthcare Services Group's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
Healthcare Services Group's Q3 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100