Pineapple Energy Q3 2023 EPS $(0.23) Misses $(0.08) Estimate, Sales $18.29M Miss $20.60M Estimate
Portfolio Pulse from totan@benzinga.com
Pineapple Energy (NASDAQ:PEGY) reported Q3 2023 earnings per share (EPS) of $(0.23), missing the analyst consensus estimate of $(0.08) by 187.5%. The company also reported quarterly sales of $18.29 million, missing the estimate of $20.60 million by 11.22%. However, these figures represent an increase over the same period last year, with EPS up by 32.35% and sales up by 137.24%.
November 09, 2023 | 9:46 pm
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NEGATIVE IMPACT
Pineapple Energy's Q3 2023 earnings and sales missed estimates, but showed YoY growth. The EPS of $(0.23) missed the estimate by 187.5%, and sales of $18.29 million missed by 11.22%.
Pineapple Energy's Q3 2023 earnings and sales missed analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the YoY growth in both EPS and sales could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100