Perma-Fix Envirn Servs Q3 2023 EPS $0.02 Misses $0.10 Estimate, Sales $21.88M Miss $27.20M Estimate
Portfolio Pulse from vinayak@benzinga.com
Perma-Fix Envirn Servs (NASDAQ:PESI) reported Q3 2023 earnings of $0.02 per share, missing the analyst consensus estimate of $0.10 by 80%. This is a 66.67% decrease from the same period last year. The company also reported quarterly sales of $21.88 million, missing the analyst consensus estimate of $27.20 million by 19.57%. However, this is an 18.43% increase from the same period last year.
November 02, 2023 | 12:12 pm
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NEGATIVE IMPACT
Perma-Fix Envirn Servs reported lower than expected earnings and sales for Q3 2023. Earnings per share decreased by 66.67% YoY, while sales increased by 18.43% YoY.
Perma-Fix Envirn Servs reported lower than expected earnings and sales for Q3 2023, which is likely to negatively impact the stock price in the short term. The decrease in earnings per share by 66.67% YoY indicates a significant drop in profitability. However, the increase in sales by 18.43% YoY could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100