Stryve Foods Q3 EPS $(1.66) Misses $(1.65) Estimate, Sales $4.18M Miss $6.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stryve Foods reported Q3 earnings with a loss of $1.66 per share, slightly missing the consensus estimate of $1.65 per share. The company's sales were $4.18M, which also fell short of the expected $6.30M. Compared to the same quarter last year, the loss per share improved by 26.22%, but sales saw a significant decrease of 32.25% from $6.17M.
November 14, 2023 | 10:15 pm
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NEGATIVE IMPACT
Stryve Foods missed Q3 EPS estimates by a narrow margin and reported a significant sales decline compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The improvement in loss per share year-over-year may provide some positive sentiment, but the substantial decrease in sales is likely to overshadow this and could lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100