Recap: CPSI Q3 Earnings
Portfolio Pulse from Benzinga Insights
CPSI reported its Q3 earnings, beating estimated earnings by 7.14% with an EPS of $0.45, against an estimate of $0.42. However, revenue was down $115 thousand from the same period last year. Last quarter, the company missed on EPS by $0.18, which was followed by a 19.66% drop in the share price the next day.
November 08, 2023 | 9:30 pm
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NEUTRAL IMPACT
CPSI's Q3 earnings beat estimates but revenue was down from last year. Last quarter's EPS miss led to a significant share price drop.
CPSI's earnings beat could boost investor confidence, potentially leading to a short-term increase in stock price. However, the decrease in revenue compared to last year and the significant share price drop following last quarter's earnings miss could offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100