Performance Shipping Q3 EPS $0.27, Sales $24.10M Miss $27.30M Estimate
Portfolio Pulse from Bill Haddad
Performance Shipping reported Q3 earnings with an EPS of $0.27, missing the sales estimate of $27.30M with actual sales of $24.10M.
November 27, 2023 | 2:32 pm
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NEGATIVE IMPACT
Performance Shipping Inc. reported lower sales than expected for Q3, with a miss of over $3M compared to estimates.
Missing sales estimates can indicate underperformance in the company's operations and may lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100