Compass Diversified Hldgs Q3 Adj $0.57 Beats $0.42 Estimate, Sales $569.57M Miss $574.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Hldgs (NYSE:CODI) reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.42 by 35.71%. However, this is a 10.94% decrease from the same period last year. The company's quarterly sales of $569.57 million missed the analyst consensus estimate of $574.80 million by 0.91%, marking a 4.69% decrease from the same period last year.
November 02, 2023 | 9:10 pm
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Compass Diversified Hldgs reported better than expected Q3 earnings but missed on sales. While the earnings beat could provide some positive sentiment, the sales miss and YoY decreases could negatively impact the stock.
Compass Diversified Hldgs reported a strong beat on earnings, which could drive positive sentiment among investors. However, the company missed on sales and reported YoY decreases in both earnings and sales, which could create some negative sentiment. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100