Ennis Q3 EPS $0.38 Misses $0.42 Estimate, Sales $104.62M Beat $102.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ennis, Inc. (NYSE:EBF) reported Q3 earnings of $0.38 per share, missing the consensus estimate of $0.42, a 13.64% decrease from last year's $0.44. Sales were $104.62M, surpassing the $102.40M estimate but marking a 5.10% decrease from the previous year.
December 18, 2023 | 11:10 am
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NEGATIVE IMPACT
Ennis reported lower-than-expected Q3 EPS at $0.38, missing estimates by 9.52%, and a decrease in earnings from last year. Sales exceeded expectations but also declined from the previous year.
The earnings miss is likely to negatively impact investor sentiment in the short term, as EPS is a critical measure of profitability. The sales beat may provide some cushion, but the overall decline in sales compared to last year could further dampen the outlook. The combination of missing EPS estimates and reporting lower year-over-year earnings and sales is typically seen as a negative signal by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100