Recap: Sachem Cap Q3 Earnings
Portfolio Pulse from Benzinga Insights
Sachem Capital Corp (AMEX:SACH) reported Q3 earnings with an EPS of $0.12, beating estimates by 9.09% against the expected $0.11. Revenue increased by $3.99 million compared to the same period last year. Despite beating EPS estimates last quarter, SACH's share price fell by 2.62% the following day. Historical earnings performance shows mixed results with both beats and misses in previous quarters.
November 13, 2023 | 9:40 pm
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Sachem Capital reported a positive earnings surprise with a 9.09% beat on EPS and a significant increase in revenue year-over-year. Historically, the stock experienced a drop after beating EPS last quarter.
While the earnings beat and revenue increase are positive, the stock's previous reaction to a positive earnings report was a decline in share price. This mixed historical performance creates uncertainty for the short-term impact.
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