Chicago Atlantic Real Q4 2023 Adj EPS $0.54 Beats $0.51 Estimate, Sales $14.839M Miss $16.087M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chicago Atlantic Real (NASDAQ:REFI) reported Q4 2023 adjusted EPS of $0.54, surpassing the $0.51 estimate, but missed sales estimates with $14.839M against the expected $16.087M. This represents a slight sales increase of 0.51% from the same period last year.
March 12, 2024 | 11:05 am
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NEUTRAL IMPACT
Chicago Atlantic Real's Q4 2023 earnings beat EPS estimates but missed on sales, showing a slight year-over-year sales increase.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral market reaction. Investors might appreciate the earnings beat, but concerns over the sales miss and modest growth could temper any positive sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100