Southland Holdings Q3 EPS $0.08 Misses $0.10 Estimate, Sales $312.47M Beat $300.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southland Holdings (AMEX:SLND) reported Q3 earnings of $0.08 per share, missing the consensus estimate of $0.10 by 20%. However, their quarterly sales of $312.47M exceeded the estimate of $300.65M by 3.93%, despite being a 6.76% decrease from the same period last year.
November 13, 2023 | 9:39 pm
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Southland Holdings reported lower-than-expected Q3 EPS at $0.08, missing estimates by 20%, but sales exceeded expectations at $312.47M, a 3.93% beat.
The miss in earnings per share (EPS) is typically seen as a negative signal, suggesting lower profitability or higher costs than expected. However, the beat on sales indicates stronger revenue generation. The mixed results may lead to neutral short-term stock movement as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100