FlexShopper: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
FlexShopper (NASDAQ:FPAY) reported Q3 earnings with an EPS of $-0.01, beating estimates by 96% against an expected $-0.25. Revenue increased by $5.25 million year-over-year. In the previous quarter, a miss on EPS resulted in a 16.98% share price drop the following day. The company's past earnings performance shows a history of missing EPS estimates.
November 14, 2023 | 9:45 pm
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FlexShopper reported a significant earnings beat for Q3, with an EPS of $-0.01 versus the estimated $-0.25, and a revenue increase from the same period last year.
Given the substantial beat on earnings estimates and the increase in revenue, FPAY's stock is likely to experience a positive short-term impact. Historically, earnings beats tend to lead to stock price appreciation. However, the company's history of missing EPS estimates and the subsequent share price drop last quarter suggests some caution is warranted.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100