IZEA Worldwide Q3 EPS $(0.13) Misses $(0.07) Estimate, Sales $7.89M Miss $8.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
IZEA Worldwide reported Q3 earnings with a loss of $0.13 per share, significantly missing the consensus estimate of a $0.07 loss per share. This represents a 225% increase in losses compared to the same period last year. Quarterly sales were $7.89M, falling short of the expected $8.50M, and marking a 27.07% decrease from the previous year's sales.
November 14, 2023 | 9:02 pm
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NEGATIVE IMPACT
IZEA Worldwide's Q3 earnings report showed a larger-than-expected loss and a significant decrease in sales compared to last year, missing both EPS and revenue estimates.
The reported earnings significantly missed analyst expectations, which is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in both earnings per share and revenue, coupled with the year-over-year decline in sales, suggests a bearish outlook for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100