Recap: Beachbody Co Q3 Earnings
Portfolio Pulse from Benzinga Insights
Beachbody Co (NYSE:BODY) reported its Q3 earnings, missing estimated earnings by 57.14% with an EPS of $-0.11 versus an estimate of $-0.07. Revenue was down $37.73 million from the same period last year. Last quarter, the company beat EPS estimates by $0.01, followed by a 17.65% drop in the share price the next day.
November 07, 2023 | 9:30 pm
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NEGATIVE IMPACT
Beachbody Co's Q3 earnings missed estimates significantly and revenue was down YoY. Last quarter's EPS beat was followed by a significant share price drop.
Beachbody Co's earnings miss and lower revenue YoY are negative indicators for the company's financial performance. The fact that last quarter's EPS beat was followed by a significant share price drop suggests that investors may have lost confidence in the company, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100