Recap: Boston Omaha Q3 Earnings
Portfolio Pulse from Benzinga Insights
Boston Omaha (NYSE:BOC) reported Q3 earnings with an EPS of $-0.05, missing estimates by 66.67% against the expected $-0.03. Revenue increased by $3.10 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 1.45% the following day.
November 13, 2023 | 1:55 pm
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NEGATIVE IMPACT
Boston Omaha reported a larger than expected loss per share for Q3, which could negatively impact investor sentiment and the stock price in the short term.
Missing earnings estimates can lead to negative investor sentiment, especially when the miss is significant, as in the case of Boston Omaha's 66.67% miss. Historical data shows a drop in share price following the last earnings beat, suggesting that the market is sensitive to the company's earnings reports. The increase in revenue may provide some cushion, but the EPS miss is likely to be the dominant factor in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100