StealthGas: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
StealthGas (NASDAQ:GASS) reported Q3 earnings with an EPS of $0.16, beating estimates by 6.67% but with a revenue decrease of $231 thousand from the same period last year. Despite beating EPS estimates in the past quarters, the share price experienced a minor drop the following day last quarter.
November 21, 2023 | 2:20 pm
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NEUTRAL IMPACT
StealthGas reported a higher than expected Q3 EPS at $0.16, surpassing estimates by 6.67%, but with a year-over-year revenue decline. Historically, past earnings beats have not significantly boosted the stock the following day.
While StealthGas beat the EPS estimate, the decrease in revenue and historical stock performance following earnings reports suggest a neutral short-term impact. Investors may have already priced in the earnings beat, and the revenue decline could offset potential positive sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100