Ennis: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ennis (NYSE:EBF) reported Q3 earnings with an EPS of $0.38, missing the estimate of $0.42 by 9.52%. Revenue declined by $5.62 million compared to the same period last year. In the previous quarter, Ennis beat EPS estimates but the share price fell by 1.58% the following day.
December 18, 2023 | 11:20 am
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NEGATIVE IMPACT
Ennis reported lower than expected Q3 earnings and a decrease in revenue compared to last year, which could negatively impact investor sentiment and the stock price.
Ennis's earnings miss and year-over-year revenue decline are likely to be taken negatively by the market, especially considering the stock price dropped after a previous earnings beat. This pattern suggests that investor expectations are not being met, which typically leads to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100