Safe & Green Holdings: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Safe & Green Holdings (NASDAQ:SGBX) reported Q3 earnings with an EPS of $-0.23, beating estimates by 36.11% but with a revenue decrease of $130 thousand from the previous year. Last quarter's EPS miss resulted in a 1.33% share price drop the following day.
November 14, 2023 | 9:45 pm
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SGBX reported a better-than-expected Q3 EPS but with lower year-over-year revenue. Previous quarter's EPS miss had a negative impact on the stock price.
While SGBX beat EPS estimates, which could be positive for the stock, the decrease in revenue and the historical negative reaction to last quarter's EPS miss suggest a mixed short-term impact. Investors may react positively to the earnings beat but remain cautious due to the revenue decline and past performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100