LuxUrban Hotels Q3 EPS $0.11 Misses $0.12 Estimate, Sales $31.21M Miss $31.95M Estimate
Portfolio Pulse from bharat@benzinga.com
LuxUrban Hotels (NASDAQ:LUXH) reported Q3 earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. The company also reported quarterly sales of $31.21 million, missing the analyst consensus estimate of $31.95 million by 2.32%. However, both earnings and sales have significantly increased compared to the same period last year.
November 08, 2023 | 10:25 pm
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NEUTRAL IMPACT
LuxUrban Hotels' Q3 earnings and sales missed estimates, but showed a significant increase compared to last year.
While LuxUrban Hotels missed the analyst consensus estimates for Q3 earnings and sales, the significant YoY increase in both earnings and sales could potentially offset the negative impact of the missed estimates. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100