Farmers & Merchants Q3 EPS $0.35, Inline, Sales $23.33M Beat $19.30M Estimate
Portfolio Pulse from Happy Mohamed
Farmers & Merchants (NASDAQ:FMAO) reported Q3 earnings of $0.35 per share, meeting analyst consensus. This is a 48.53% decrease from last year's earnings. The company's quarterly sales of $23.33M beat the analyst consensus of $19.30M by 20.86%, but it's an 11.36% decrease from last year's sales.
October 26, 2023 | 9:09 pm
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NEGATIVE IMPACT
Farmers & Merchants reported Q3 earnings in line with estimates but down YoY. Sales beat estimates but also down YoY.
The company's earnings met analyst expectations, which is positive. However, the YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100