StealthGas Q3 2023 Adj EPS $0.16 Beats $0.15 Estimate, Sales $34.65M Beat $27.50M Estimate
Portfolio Pulse from saritha@benzinga.com
StealthGas (NASDAQ:GASS) reported Q3 2023 earnings of $0.16 per share, surpassing the consensus estimate of $0.15. Sales reached $34.65M, exceeding the $27.50M estimate but marking a slight decrease from the previous year's $34.89M.
November 21, 2023 | 2:16 pm
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POSITIVE IMPACT
StealthGas reported higher-than-expected Q3 earnings and sales, with an EPS of $0.16 beating estimates by 6.67% and sales surpassing estimates by 26.01%.
Positive earnings surprises are typically well-received by the market, leading to potential short-term stock price increases. The significant beat on both earnings and sales estimates for StealthGas suggests a positive outlook, which could result in increased investor confidence and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100