Sachem Cap Q3 2023 EPS $0.12 Beats $0.11 Estimate, Sales $17.53M Beat $15.46M Estimate
Portfolio Pulse from vinayak@benzinga.com
Sachem Capital Corp. (SACH) reported Q3 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.11 by 9.09%. However, this represents a 7.69% decrease from the $0.13 per share earned in the same quarter last year. The company's quarterly sales were $17.53 million, exceeding expectations by 13.42% and marking a 29.49% increase from the previous year's $13.54 million.
November 13, 2023 | 9:40 pm
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POSITIVE IMPACT
Sachem Capital reported higher-than-expected Q3 earnings and sales, indicating financial growth despite a slight decrease in EPS compared to last year.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in SACH's stock price. Despite the year-over-year decrease in EPS, the significant sales growth and earnings beat compared to analyst estimates are strong positive signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100