Issuer Direct Q4 2023 Adj EPS $0.150 Misses $0.260 Estimate, Sales $7.539M Miss $8.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Issuer Direct reported Q4 2023 adjusted EPS of $0.150, missing the $0.260 estimate, and sales of $7.539M, below the $8.200M estimate. This represents a 5.60% increase in sales compared to the same period last year.
March 07, 2024 | 9:03 pm
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NEGATIVE IMPACT
Issuer Direct's Q4 2023 earnings and sales missed analyst estimates, with adjusted EPS at $0.150 and sales at $7.539M, indicating a potential negative short-term impact on its stock price.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported increase in sales year-over-year may slightly mitigate the impact, but the miss on both key financial metrics is likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100