Recap: RMR Gr Q4 Earnings
Portfolio Pulse from Benzinga Insights
RMR Group (NASDAQ:RMR) reported Q4 earnings with an EPS of $0.48, beating estimates by 6.67% but with a revenue decline of $19.26 million from the previous year. The company's past earnings performance shows mixed results with both beats and misses on EPS estimates.
November 15, 2023 | 9:20 pm
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RMR Group reported a higher-than-expected Q4 EPS of $0.48, beating estimates by 6.67%, but experienced a revenue decline from the same period last year.
While RMR Group beat EPS estimates, which could be seen as a positive signal, the decline in revenue may raise concerns about the company's growth and could offset the positive impact of the earnings beat. The mixed results, along with historical data showing a slight drop in share price following the last earnings beat, suggest a neutral short-term impact on the stock price.
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