CPI Card Q4 EPS $0.23 Misses $0.32 Estimate, Sales $102.87M Miss $104.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
CPI Card (NASDAQ:PMTS) reported Q4 earnings of $0.23 per share, missing the $0.32 estimate, and sales of $102.87M, missing the $104.70M estimate. This represents a significant decrease from the same period last year, with earnings down 78.3% and sales down 18.64%.
March 07, 2024 | 12:07 pm
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NEGATIVE IMPACT
CPI Card's Q4 earnings and sales missed estimates, with a significant decrease compared to last year's figures.
Missing both earnings and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100