Avantax Q3 EPS $0.36 Beats $0.19 Estimate, Sales $192.34M Beat $191.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avantax (NASDAQ:AVTA) reported Q3 earnings of $0.36 per share, beating the analyst consensus estimate of $0.19 by 89.47%. This is a 280% increase over losses of $(0.20) per share from the same period last year. The company also reported quarterly sales of $192.34 million, beating the analyst consensus estimate of $191.90 million by 0.23%. This is a 12.03% increase over sales of $171.70 million the same period last year.
November 06, 2023 | 12:35 pm
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POSITIVE IMPACT
Avantax's Q3 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Avantax's Q3 earnings and sales exceeded the analyst consensus estimates, which is typically a positive signal for investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100