Central Puerto Q3 EPS $0.01 Misses $0.03 Estimate, Sales $166.50M Up From $150.18M YoY
Portfolio Pulse from Benzinga Newsdesk
Central Puerto reported Q3 earnings per share (EPS) of $0.01, missing the estimated $0.03. However, sales increased to $166.50M from $150.18M year-over-year.
November 12, 2023 | 10:29 pm
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Central Puerto's Q3 EPS of $0.01 fell short of the $0.03 estimate, but sales showed growth from $150.18M to $166.50M compared to last year.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, despite the increase in sales. Earnings misses often lead to a negative stock price reaction as they can indicate that the company is not performing as well as expected. However, the growth in sales may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100