RGC Resources FY23 EPS $0.10 Up From $(0.10) YoY, Revenue $12.467M Misses $15M Estimate
Portfolio Pulse from Benzinga Newsdesk
RGC Resources reported an increase in FY23 EPS to $0.10 from $(0.10) year-over-year, but missed revenue estimates with $12.467M compared to the expected $15M.
November 20, 2023 | 1:52 pm
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NEUTRAL IMPACT
RGC Resources reported a positive EPS of $0.10 for FY23, improving from the previous year's $(0.10), but missed revenue forecasts by reporting $12.467M against the expected $15M.
While the positive EPS indicates improved profitability for RGC Resources, the revenue miss could concern investors about growth prospects. The mixed results may lead to neutral short-term price movement as the market digests both the positive EPS turnaround and the negative revenue miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100