CI&T Q3 Sales $108.40M Miss $109.11M Estimate, EPS $0.05
Portfolio Pulse from Benzinga Newsdesk
CI&T reported Q3 sales of $108.40M, which fell short of the $109.11M estimate. The company also reported earnings per share (EPS) of $0.05 for the quarter.
November 17, 2023 | 12:19 pm
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NEGATIVE IMPACT
CI&T's Q3 sales missed estimates by $0.71M and reported an EPS of $0.05, which may concern investors looking for stronger revenue growth.
Missing sales estimates, even by a small margin, can lead to negative investor sentiment in the short term. The EPS of $0.05 is a key figure but without a comparison to expectations or previous quarters, its impact is unclear. However, the revenue miss is likely to be the primary driver of any negative price action.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100