Tingo Group Q3 EPS $0.04 Misses $0.46 Estimate, Sales $586.22M Miss $1.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tingo Group reported Q3 earnings of $0.04 per share, significantly missing the consensus estimate of $0.46. Sales were $586.22M, also below the expected $1.26B. Despite these misses, the company showed a substantial increase in sales compared to the same period last year.
November 14, 2023 | 12:17 pm
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NEGATIVE IMPACT
Tingo Group's Q3 EPS of $0.04 missed estimates by 91.3%, and sales were below expectations by 53.47%, which could negatively impact investor sentiment and the stock price in the short term.
Missing both earnings and revenue estimates by wide margins is typically seen as a negative indicator for a stock's performance. Investors may react negatively to Tingo Group's substantial miss, leading to a potential decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100