Ebix: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ebix (NASDAQ:EBIX) reported Q3 earnings with an EPS of $-0.11, significantly missing the estimated $0.07. Revenue also declined to $138.68 million from the same period last year. The company's stock price had previously dropped by 31.87% following an EPS miss last quarter.
November 14, 2023 | 2:15 pm
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NEGATIVE IMPACT
Ebix reported a significant miss in Q3 earnings with an EPS of $-0.11 compared to the estimated $0.07, and a year-over-year revenue decline. Historical data shows a previous stock price drop after an earnings miss.
Given the substantial earnings miss and the historical precedent of a significant stock price drop following the last earnings miss, it is likely that EBIX's stock price will experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100