SoundThinking: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
SoundThinking (NASDAQ:SSTI) reported its Q3 earnings, missing estimated earnings by 50.0% with an EPS of $-0.09 versus an estimate of $-0.06. However, revenue was up $5.20 million from the same period last year. Last quarter, the company also missed on EPS by $0.26, which was followed by a 19.85% drop in the share price the next day.
November 07, 2023 | 9:30 pm
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NEGATIVE IMPACT
SoundThinking's Q3 earnings missed estimates significantly, which could potentially lead to a drop in share price, similar to the 19.85% drop observed last quarter after an earnings miss.
SoundThinking's significant earnings miss could negatively impact investor sentiment, leading to a potential drop in share price. This is based on the historical trend observed last quarter, where a similar earnings miss led to a 19.85% drop in share price the following day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100