Box: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Box (NYSE:BOX) reported Q3 earnings with an EPS of $0.36, missing estimates by 5.26% against the expected $0.38. Revenue increased by $11.59 million compared to the same period last year. Despite beating EPS estimates last quarter, Box's share price fell by 12.31% the following day. Historical earnings performance shows fluctuation in EPS actuals versus estimates.
December 05, 2023 | 9:15 pm
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NEGATIVE IMPACT
Box reported a slight miss in Q3 earnings with an EPS of $0.36, which was below the estimate of $0.38. Revenue showed growth from the previous year. Historical data indicates potential volatility in stock price following earnings reports.
Box's earnings miss may lead to negative investor sentiment, especially considering the stock price drop following last quarter's earnings beat. The historical performance suggests that even when earnings beat estimates, the stock price can react negatively. Therefore, there is a higher likelihood of a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100