Textainer Gr Hldgs Q3 Adj EPS $1.08 Misses $1.14 Estimate, Sales $192.49M Beat $191.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Textainer Gr Hldgs (NYSE:TGH) reported Q3 adjusted earnings of $1.08 per share, missing the analyst consensus estimate of $1.14 by 5.26%. This is a 34.15% decrease from the same period last year. However, the company's quarterly sales of $192.49 million beat the analyst consensus estimate of $191.12 million by 0.72%, despite being a 6.17% decrease from the same period last year.
November 02, 2023 | 12:06 pm
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NEUTRAL IMPACT
Textainer Gr Hldgs reported lower than expected Q3 earnings but higher sales. This mixed report may lead to uncertain short-term price movements.
Textainer Gr Hldgs reported lower than expected earnings, which could negatively impact the stock price. However, the company beat sales estimates, which could have a positive effect. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100