Turning Point Brands Q3 Adj EPS $0.76 Beats $0.60 Estimate, Sales $101.72M Miss $104.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turning Point Brands (NYSE:TPB) reported Q3 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.60 by 26.67%. However, the company's quarterly sales of $101.72 million missed the analyst consensus estimate of $104.36 million by 2.53%.
November 08, 2023 | 12:32 pm
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NEUTRAL IMPACT
Turning Point Brands reported better than expected Q3 earnings but missed on sales. This mixed report may lead to uncertain short-term price movement.
The company's earnings beat could be a positive signal to investors, indicating strong operational performance. However, the sales miss might raise concerns about the company's revenue generation capabilities, leading to potential uncertainty in the stock's short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100