CompoSecure: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
CompoSecure (NASDAQ:CMPO) reported Q3 earnings, missing estimated earnings by 4.0% with an EPS of $0.24 versus an estimate of $0.25. Revenue was down $6.42 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 0.3% drop in the share price the next day.
November 09, 2023 | 9:06 pm
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CompoSecure's Q3 earnings missed estimates, with a lower EPS and revenue compared to the same period last year. This follows a similar trend from last quarter, which led to a slight drop in share price.
CompoSecure's earnings miss is a negative signal to investors, indicating that the company is not meeting expectations. This could lead to a decrease in investor confidence and a potential drop in the share price. The fact that this is a recurring trend from the previous quarter further strengthens this potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100