SurgePays Q3 2023 EPS $0.49 Up From $(0.12) YoY, Revenue $34.2M Misses $37.828M Estimate
Portfolio Pulse from Benzinga Newsdesk
SurgePays reported a significant increase in Q3 2023 EPS to $0.49, up from a loss of $(0.12) in the same quarter last year. However, the company missed revenue estimates, posting $34.2M against the expected $37.828M.

November 14, 2023 | 9:17 pm
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NEUTRAL IMPACT
SurgePays reported a strong increase in EPS for Q3 2023, but failed to meet revenue expectations, which could have mixed effects on investor sentiment.
The substantial increase in EPS indicates a strong improvement in profitability, which is typically a positive signal for investors and could lead to a positive short-term impact on the stock price. However, the revenue miss may raise concerns about growth and could temper the stock's upside or even lead to a negative reaction if investors weigh the revenue miss more heavily.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100