PropertyGuru Group Q3 Sales $28.99M Miss $30.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
PropertyGuru Group (NYSE:PGRU) reported Q3 sales of $28.99M, missing the consensus estimate of $30.16M by 3.89%, but marking a 17.13% increase from $24.75M in the same period last year.
November 21, 2023 | 7:48 am
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PropertyGuru Group reported lower-than-expected Q3 sales at $28.99M versus the $30.16M estimate, a 3.89% miss, but showed a 17.13% YOY increase.
Missing sales estimates typically has a negative impact on investor sentiment and can lead to a short-term decline in stock price. However, the year-over-year growth is a positive sign, which may buffer the negative impact to some extent. The confidence level is high due to the clear figures reported, but not at 100 because market reactions can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100