Blackstone Secured Q3 2023 EPS $0.95 Misses $0.98 Estimate, Sales $283.96M Beat $280.05M Estimate
Portfolio Pulse from vinayak@benzinga.com
Blackstone Secured (NYSE:BXSL) reported Q3 2023 earnings of $0.95 per share, missing the analyst consensus estimate of $0.98 by 3.06%. However, the company's quarterly sales of $283.96 million beat the estimate of $280.05 million by 1.40%. This represents a 18.75% increase in earnings and a 25.09% increase in sales compared to the same period last year.
November 08, 2023 | 12:34 pm
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Blackstone Secured's Q3 2023 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Blackstone Secured's earnings miss could negatively impact the stock price, while the sales beat could provide some upward pressure. The net effect on the stock price in the short term is uncertain.
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