Safe & Green Holdings Q3 EPS $(0.23) Beats $(0.36) Estimate, Sales $4.00M Miss $7.65M Estimate
Portfolio Pulse from mahesh@benzinga.com
Safe & Green Holdings (NASDAQ:SGBX) reported Q3 EPS of $(0.23), surpassing the $(0.36) estimate, but sales of $4.00M fell short of the $7.65M estimate. The EPS beat represents a 36.11% improvement over expectations, while the sales miss is a 47.71% shortfall from estimates and a 3.15% decrease from the same period last year.
November 14, 2023 | 9:45 pm
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NEUTRAL IMPACT
Safe & Green Holdings reported better-than-expected Q3 EPS but disappointing sales, missing estimates by a wide margin and showing a slight year-over-year decline.
While the EPS beat may be viewed positively, the significant miss on sales could raise concerns about the company's revenue growth and market expectations. The mixed results could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100