Creative Media: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Creative Media (NASDAQ:CMCT) reported Q3 earnings with an EPS of $-1.01, missing estimates by 46.38% compared to the expected $-0.69. Revenue increased by $3.27 million from the same period last year. The company's stock price dropped by 0.23% the day after missing EPS estimates last quarter.
November 14, 2023 | 9:50 pm
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NEGATIVE IMPACT
Creative Media reported a significant miss in Q3 earnings with an EPS of $-1.01, which was 46.38% below the estimate. Revenue showed improvement from the previous year. Historical data suggests a potential negative impact on the stock price following earnings misses.
Based on the historical performance of CMCT's stock after missing EPS estimates, there is a likelihood of a negative short-term impact on the stock price. The significant miss in earnings expectations could lead to bearish investor sentiment, despite the increase in revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100