PhenixFIN Q1 GAAP EPS $2.19, Sales $5.72M Beat $5.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
PhenixFIN (NASDAQ:PFX) reported Q1 GAAP EPS of $2.19, surpassing the analyst consensus estimate of $0.78 by 180.77%. Year-over-year, this represents a 180.77% increase from the previous $0.78 EPS. Quarterly sales reached $5.72M, exceeding the $5.51M estimate by 3.84% and marking a 21.66% increase from last year's $4.70M.
February 08, 2024 | 9:40 pm
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PhenixFIN reported a significant beat on both EPS and sales estimates for Q1, with EPS at $2.19, beating estimates by 180.77%, and sales at $5.72M, exceeding expectations by 3.84%.
The substantial beat on both earnings per share and sales figures compared to analyst estimates typically leads to positive investor sentiment and could result in a short-term uptick in the stock price. The magnitude of the beat, especially in EPS, which exceeded expectations by over 180%, is likely to be viewed very favorably by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100