i3 Verticals Q4 Adj $0.40, Inline, Sales $96.40M Miss $97.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
i3 Verticals (NASDAQ:IIIV) reported Q4 adjusted earnings of $0.40 per share, meeting analyst estimates, with a 2.56% increase from the previous year. However, sales of $96.40M fell short of the expected $97.96M, a miss by 1.59%, though they were up 13.08% from the same period last year.
November 15, 2023 | 9:23 pm
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NEUTRAL IMPACT
i3 Verticals matched Q4 earnings estimates but slightly missed revenue projections, with a modest year-over-year sales increase.
Meeting earnings estimates typically has a neutral to positive impact on stock price, while missing revenue estimates can have a negative impact. However, the revenue miss was marginal and accompanied by a significant year-over-year sales increase, which may mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100