IHS Holding Q3 2023 Gaap EPS $(0.79) Misses $0.04 Estimate, Sales $467.02M Beat $457.87M Estimate
Portfolio Pulse from saritha@benzinga.com
IHS Holding reported Q3 2023 results with a GAAP EPS loss of $(0.79), significantly missing the $0.04 estimate, representing a 2075% miss and a 464.29% decrease from the previous year's $(0.14) loss per share. However, sales of $467.02M exceeded estimates by 2.00%, despite being a 10.41% decrease from the previous year's $521.32M.
November 14, 2023 | 11:15 am
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NEGATIVE IMPACT
IHS Holding's Q3 earnings reported a significant miss on EPS estimates but a slight beat on revenue forecasts, with a notable year-over-year decline in both metrics.
The substantial miss in EPS is likely to overshadow the slight beat in sales, leading to negative investor sentiment in the short term. The magnitude of the miss and the year-over-year decline in both EPS and sales suggest potential underlying issues that could concern investors, likely putting downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100