Eneti Q3 Adj EPS $0.49 Beats $0.27 Estimate, Sales $53.20M Beat $48.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eneti Inc. reported Q3 adjusted earnings per share (EPS) of $0.49, surpassing the analyst consensus estimate of $0.27 by 81.48%. However, this represents a 32.88% decrease from the $0.73 EPS reported in the same quarter last year. Quarterly sales were $53.20 million, exceeding expectations by 9.14% but showing a 23.12% decrease from the previous year's $69.19 million.
November 14, 2023 | 12:36 pm
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Eneti Inc. exceeded Q3 EPS and sales estimates, reporting $0.49 per share and $53.20M in revenue, but both figures are down from the same period last year.
Eneti's stock price is likely to experience a short-term positive impact due to the earnings and sales beat, despite the year-over-year declines. Beating estimates typically results in positive investor sentiment, but the decline from last year's figures may temper the extent of the positive reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100