Afya: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Afya (NASDAQ:AFYA) reported Q3 earnings with an EPS of $0.28, slightly beating the estimate of $0.27. Revenue increased by $37.40 million compared to the same period last year. Despite missing EPS estimates last quarter, Afya's share price increased by 3.07% the following day. Historical data shows mixed past earnings performance.
November 13, 2023 | 9:40 pm
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POSITIVE IMPACT
Afya reported a positive Q3 earnings surprise with a 3.7% beat on EPS estimates and significant year-over-year revenue growth. Historical performance shows a positive market reaction to the last earnings report despite a miss on EPS.
Afya's earnings beat and revenue growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. Historical data suggests that even when Afya missed EPS estimates, the stock price increased the following day, indicating a trend that could repeat given the positive earnings report.
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IMPORTANCE 80
RELEVANCE 100