Recap: Karooooo Q3 Earnings
Portfolio Pulse from Benzinga Insights
Karooooo (NASDAQ:KARO) reported Q3 earnings with an EPS of $0.34, beating estimates by 17.24% and showing a revenue increase of $5.16 million from the previous year. The company had previously beaten EPS estimates last quarter, which led to a 7.02% share price increase the following day.
January 22, 2024 | 9:30 pm
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POSITIVE IMPACT
Karooooo reported a strong Q3 earnings beat with an EPS of $0.34, surpassing the estimate of $0.29, and a revenue increase from the same period last year.
Karooooo's Q3 earnings beat is likely to have a positive short term impact on its stock price, as historical performance shows a 7.02% increase in share price following the last earnings beat. The consistent positive earnings performance enhances investor confidence and could lead to a similar or better reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100