Ebix Q3 Adj EPS $(0.11) Misses $0.07 Estimate, Sales $119.23M Miss $124.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ebix, Inc. (NASDAQ:EBIX) reported a Q3 adjusted EPS of $(0.11), significantly missing the analyst consensus estimate of $0.07. This represents a sharp decline from the $0.70 per share earned in the same quarter of the previous year. Quarterly sales were also below expectations at $119.23M, missing the $124.28M estimate and showing a 53.77% decrease from the previous year's same quarter sales of $257.90M.
November 14, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ebix reported a significant miss in Q3 earnings and revenue, with adjusted EPS at $(0.11) versus an expected $0.07 and sales of $119.23M against a $124.28M estimate.
The substantial miss in both earnings per share and revenue compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the significant decrease from the previous year's performance are critical factors that investors will consider.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100