Recap: Joint Q3 Earnings
Portfolio Pulse from Benzinga Insights
Joint (NASDAQ:JYNT) reported its Q3 earnings, missing estimated earnings by 350.0% with an EPS of $-0.05 versus an estimate of $0.02. However, revenue was up $2.87 million from the same period last year. Last quarter, the company also missed on EPS by $0.02, which was followed by a 3.64% increase in the share price the next day.
November 09, 2023 | 9:45 pm
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NEUTRAL IMPACT
Joint's Q3 earnings missed estimates significantly, but revenue increased compared to the same period last year. Despite a similar miss last quarter, the share price increased the following day.
Joint's earnings miss is a negative signal, but the increase in revenue and the historical reaction to a similar miss last quarter (share price increase) suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100