TOMI Environmental Solns Q3 EPS $(0.05) Misses $(0.02) Estimate, Sales $1.47M Miss $2.85M Estimate
Portfolio Pulse from bharat@benzinga.com
TOMI Environmental Solutions, Inc. (TOMZ) reported a Q3 EPS of $(0.05), missing the $(0.02) estimate by 150%, and sales of $1.47M, missing the $2.85M estimate by 48.42%. This reflects a decrease from the previous year's Q3 results, with a 66.67% increase in losses and a 16.48% decrease in sales.
November 14, 2023 | 9:33 pm
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NEGATIVE IMPACT
TOMI Environmental Solutions, Inc. (TOMZ) reported a larger-than-expected quarterly loss and a significant miss in sales estimates, indicating potential challenges in the company's performance.
The reported earnings miss and lower sales figures compared to both analyst estimates and the previous year's performance are likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the year-over-year decline in financial performance are significant factors contributing to the negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100