Chicago Atlantic Real Q3 Adj EPS $0.57 Beats $0.52 Estimate, Sales $13.73M Miss $15.16M Estimate
Portfolio Pulse from bharat@benzinga.com
Chicago Atlantic Real (NASDAQ:REFI) reported Q3 earnings of $0.57 per share, beating the analyst consensus estimate of $0.52 by 9.62%. However, the company's quarterly sales of $13.73 million missed the analyst consensus estimate of $15.16 million by 9.41%. This represents a 1.72% decrease in earnings and a 6.19% increase in sales compared to the same period last year.
November 08, 2023 | 12:19 pm
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NEUTRAL IMPACT
Chicago Atlantic Real's Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Chicago Atlantic Real's earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the sales miss could counteract this effect, creating uncertainty and potentially leading to a neutral or negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100