Charge Enterprises Q3 2023 EPS $(0.05), Inline, Sales $132.28M Miss $143.78M Estimate
Portfolio Pulse from vinayak@benzinga.com
Charge Enterprises (NASDAQ:CRGE) reported Q3 2023 earnings per share (EPS) of $(0.05), in line with analyst consensus. However, the company's quarterly sales of $132.28M missed the estimate of $143.78M by 8.00%. This represents a 200% decrease in EPS and a 28.83% decrease in sales compared to the same period last year.
November 08, 2023 | 12:17 pm
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Charge Enterprises reported Q3 2023 EPS in line with estimates, but sales missed estimates by 8%. This represents a significant decrease in both EPS and sales compared to the same period last year.
Charge Enterprises reported earnings in line with estimates, which is a positive signal. However, the company missed sales estimates by 8%, which is a negative signal. Additionally, the company reported a significant decrease in both EPS and sales compared to the same period last year, which is another negative signal. Therefore, the stock price is likely to go down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100