Recap: RGC Resources Q4 Earnings
Portfolio Pulse from Benzinga Insights
RGC Resources (NASDAQ:RGCO) reported Q4 earnings with an EPS of $0.1, surpassing the estimated $-0.02 by 600%. However, revenue declined by $1.65 million compared to the same period last year. Despite beating last quarter's EPS estimate, the share price fell by 1.05% the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.
November 20, 2023 | 1:50 pm
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RGC Resources reported a significant earnings beat with an EPS of $0.1 against an expected $-0.02 for Q4, but experienced a decrease in revenue compared to last year. Historically, the stock dropped after beating last quarter's EPS estimate.
While the EPS beat is positive, the decline in revenue and the historical price drop following the last earnings beat suggest a mixed reaction. The market may have already priced in the earnings beat, and the revenue decline could temper any potential gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100