Sonida Senior Living: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Sonida Senior Living (NYSE:SNDA) reported Q3 earnings with an EPS of $-1.94, beating estimates by 3.48% against the expected $-2.01. Revenue increased by $3.89 million compared to the same period last year. Despite missing EPS estimates last quarter, SNDA's share price increased by 0.42% the following day.
November 14, 2023 | 11:30 am
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Sonida Senior Living reported a better-than-expected Q3 EPS, beating estimates and showing year-over-year revenue growth.
Beating earnings estimates typically leads to positive investor sentiment and can result in a short-term increase in stock price. The historical response to earnings misses suggests a tempered but positive reaction to earnings beats. The revenue growth further supports a positive outlook.
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