SP Plus Q3 2023 Adj EPS $0.79 Beats $0.73 Estimate, Sales $228.40M Beat $219.54M Estimate
Portfolio Pulse from saritha@benzinga.com
SP Plus (NASDAQ:SP) reported Q3 2023 earnings of $0.79 per share, beating the analyst consensus estimate of $0.73 by 8.22%. However, this is a 1.25% decrease from the same period last year. The company also reported quarterly sales of $228.40 million, surpassing the analyst consensus estimate of $219.54 million by 4.04%, but this is a 43.52% decrease from the same period last year.
November 01, 2023 | 8:29 pm
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NEUTRAL IMPACT
SP Plus reported better-than-expected Q3 2023 earnings and sales, but both figures decreased from the same period last year.
While SP Plus beat analyst estimates for Q3 2023, the year-over-year decreases in earnings and sales could potentially offset any positive impact from the earnings beat. This could lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100