Regional Mgmt Q3 2023 EPS $0.91 Beats $0.79 Estimate, Sales $140.88M Beat $138.88M Estimate
Portfolio Pulse from vinayak@benzinga.com
Regional Mgmt (NYSE:RM) reported Q3 2023 earnings of $0.91 per share, beating the analyst consensus estimate of $0.79 by 15.19%. However, this is a 14.15% decrease from the same period last year. The company also reported quarterly sales of $140.88 million, beating the estimate of $138.88 million by 1.44%, and marking a 7.17% increase from the same period last year.
November 01, 2023 | 9:06 pm
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NEUTRAL IMPACT
Regional Mgmt's Q3 2023 earnings and sales beat estimates. However, earnings per share decreased by 14.15% YoY, while sales increased by 7.17% YoY.
Regional Mgmt's earnings beat estimates, which is positive news and could lead to a short-term increase in stock price. However, the YoY decrease in earnings per share could offset this positive impact. The increase in sales YoY is also a positive sign, but it's unclear how much this will affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100