Recap: IHS Holding Q3 Earnings
Portfolio Pulse from Benzinga Insights
IHS Holding (NYSE:IHS) reported Q3 earnings with an EPS of $-0.79, significantly missing the estimate of $0.04. Revenue also declined by $54.29 million compared to the same period last year. Following a similar earnings miss last quarter, the share price dropped by 4.64% the next day.
November 14, 2023 | 11:20 am
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NEGATIVE IMPACT
IHS Holding reported a significant earnings miss for Q3 with an EPS of $-0.79 against an estimate of $0.04, and a year-over-year revenue decline. Historical data shows a previous miss led to a share price drop.
Given the substantial miss in both EPS and revenue, and considering the historical share price reaction to the previous quarter's earnings miss, it is likely that IHS's stock price will experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100