Mitek Systems Q3 Adj EPS $0.20 Beats $0.18 Estimate, Sales $43.07M Beat $39.40M Estimate
Portfolio Pulse from mahesh@benzinga.com
Mitek Systems (NASDAQ:MITK) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.18 by 11.11%. However, this is a 16.67% decrease from the same period last year. The company also reported quarterly sales of $43.07 million, beating the analyst consensus estimate of $39.40 million by 9.31%, and marking a 9.89% increase from the same period last year.
October 26, 2023 | 8:32 pm
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NEUTRAL IMPACT
Mitek Systems reported better than expected Q3 earnings and sales, but earnings are down 16.67% from the same period last year.
While Mitek Systems beat earnings and sales estimates, the decrease in earnings from the same period last year might concern investors. This mixed result could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100