Perficient Q3 Adj. EPS $0.92, Inline, Sales $223.20M Beat $222.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perficient (NASDAQ:PRFT) reported Q3 adjusted earnings of $0.92 per share, meeting analyst consensus. This is a 17.12% decrease from the same period last year. The company reported quarterly sales of $223.20 million, beating the analyst consensus of $222.14 million by 0.48%. This is a 1.94% decrease from the same period last year.
October 31, 2023 | 10:02 am
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NEUTRAL IMPACT
Perficient's Q3 earnings met analyst expectations but showed a YoY decrease. Sales also decreased YoY but beat estimates.
Perficient's earnings met analyst expectations, which is positive. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially offsetting the positive impact of meeting estimates. This leads to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100