ePlus Q3 Adj EPS $1.18 Misses $1.38 Estimate, Sales $509.06M Miss $595.07M Estimate
Portfolio Pulse from totan@benzinga.com
ePlus (NASDAQ:PLUS) reported Q3 adjusted EPS of $1.18, missing the $1.38 estimate, and sales of $509.06M, below the $595.07M estimate. This represents a 14.49% decrease in EPS and an 18.35% decrease in sales from the same period last year.
February 06, 2024 | 10:15 pm
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ePlus reported a significant miss in both EPS and sales for Q3, with a 14.49% decrease in EPS and an 18.35% decrease in sales year-over-year.
The significant miss in both EPS and sales compared to analyst estimates, along with the year-over-year decrease in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100