BM Technologies Q3 EPS $(0.36) Misses $(0.26) Estimate, Sales $14.74M Beat $13.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
BM Technologies (AMEX:BMTX) reported Q3 earnings with a larger-than-expected loss of $(0.36) per share compared to the $(0.26) estimate, a 414.29% decrease from the previous year. However, sales of $14.74M exceeded estimates by 7.05% but still represented a 25.77% decrease from the same period last year.
November 20, 2023 | 9:18 pm
News sentiment analysis
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NEGATIVE IMPACT
BM Technologies reported a significant earnings miss and a year-over-year decline in sales, although it surpassed sales estimates for Q3.
The earnings miss is substantial and is likely to negatively impact investor sentiment in the short term. The decrease in sales year-over-year further compounds the negative outlook, despite the slight beat on sales estimates.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100