Artesian Resources Q3 EPS $0.49 Misses $0.60 Estimate, Sales $26.57M Miss $27.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources (NASDAQ:ARTNA) reported Q3 earnings of $0.49 per share, missing the analyst consensus estimate of $0.60 by 18.33%. This is a 24.62% decrease from the same period last year. The company also reported quarterly sales of $26.57 million, missing the analyst consensus estimate of $27.00 million by 1.59%. This is a 0.05% decrease from the same period last year.
November 07, 2023 | 6:31 am
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Artesian Resources' Q3 earnings and sales missed estimates, with a significant YoY decrease in earnings per share. This could negatively impact the company's stock in the short term.
Artesian Resources' Q3 earnings and sales fell short of analyst estimates, with a significant year-over-year decrease in earnings per share. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100