Afya Q3 Adj $0.28 Beats $0.27 Estimate, Sales $148.23M Beat $140.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Afya reported Q3 earnings of $0.21 per share, down from $0.24 YoY. Quarterly sales were $148.23K, significantly missing the $140.74M estimate and representing a 99.87% decrease from $110.83M in the same period last year.
November 13, 2023 | 9:24 pm
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Afya's Q3 earnings per share decreased to $0.21 from $0.24 YoY, and sales drastically missed estimates, indicating a significant downturn in the company's financial performance.
The substantial miss in sales and decrease in earnings per share are strong indicators of poor performance and are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100