Recap: BRC Q3 Earnings
Portfolio Pulse from Benzinga Insights
BRC (NYSE:BRCC) reported its Q3 earnings results, missing estimated earnings by 150.0% with an EPS of $-0.05 versus an estimate of $-0.02. However, revenue was up $25.04 million from the same period last year. Last quarter, the company beat on EPS by $0.01, which was followed by a 12.56% increase in the share price the next day.
November 09, 2023 | 9:40 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BRC's Q3 earnings missed estimates significantly, which could negatively impact the stock price. However, the increase in revenue could offset this impact.
Earnings reports are a major factor in a company's stock price. BRC's significant miss on earnings estimates could lead to a decrease in stock price. However, the increase in revenue year over year could be seen as a positive sign by investors, potentially offsetting the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100