Quad/Graphics Q3 2023 Adj EPS $0.11 Beats $0.05 Estimate, Sales $700.20M Miss $732.40M Estimate
Portfolio Pulse from vinayak@benzinga.com
Quad/Graphics reported Q3 2023 earnings of $0.11 per share, beating the analyst consensus estimate of $0.05 by 120 percent. However, this is a 65.63 percent decrease from the same period last year. The company's quarterly sales of $700.20 million missed the analyst consensus estimate of $732.40 million by 4.40 percent, marking a 15.63 percent decrease from the previous year.
October 31, 2023 | 8:35 pm
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Quad/Graphics' Q3 2023 earnings beat estimates but were significantly lower than the previous year. Sales also missed estimates and decreased from the previous year.
Quad/Graphics' earnings beat estimates, which is typically positive for the stock. However, the significant decrease in earnings and sales from the previous year, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price.
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