Recap: RCI Hospitality Hldgs Q1 Earnings
Portfolio Pulse from Benzinga Insights
RCI Hospitality Holdings (NASDAQ:RICK) reported Q1 earnings with an EPS of $0.87, missing estimates by 13.0% against an expected $1.0. Revenue increased by $3.94 million from the previous year. Historically, a miss in EPS last quarter led to a 6.42% drop in share price the following day. The company has had mixed results in past quarters, with both misses and matches on EPS and revenue estimates.
February 08, 2024 | 9:50 pm
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RCI Hospitality Holdings reported a Q1 EPS of $0.87, missing the $1.0 estimate, with revenue up $3.94M from last year. Past EPS misses have negatively impacted share price.
Given RICK's history of share price decline following an earnings miss, as seen last quarter with a 6.42% drop, the current miss on EPS estimates is likely to have a negative short-term impact on its stock price. The consistent pattern of share price reactions to earnings performance suggests a high relevance and importance of these results to investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100