The One Group Hospitality Q3 Adj EPS $(0.08) Misses $0.03 Estimate, Sales $76.88M Miss $83.27M Estimate
Portfolio Pulse from mahesh@benzinga.com
The One Group Hospitality (NASDAQ:STKS) reported Q3 losses of $(0.08) per share, missing the analyst consensus estimate of $0.03 by 366.67%. This is a 214.29% decrease from the same period last year. The company also reported quarterly sales of $76.88 million, missing the analyst consensus estimate of $83.27 million by 7.67%. However, this is a 5.29% increase from the same period last year.
November 07, 2023 | 9:22 pm
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NEGATIVE IMPACT
The One Group Hospitality reported Q3 losses and lower sales than expected. This could negatively impact the company's stock price in the short term.
The One Group Hospitality reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability or lower profitability. Investors may sell off their shares due to the disappointing results, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100