RF Industries Q1 EPS $(0.06), Inline, Sales $13.46M Miss $14.49M Estimate
Portfolio Pulse from dijoy@benzinga.com
RF Industries (NASDAQ:RFIL) reported Q1 losses of $(0.06) per share, meeting analyst estimates, but missed revenue expectations with $13.46M against a $14.49M forecast. This represents a 26.63% decrease in sales compared to the same period last year.
March 18, 2024 | 8:18 pm
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NEGATIVE IMPACT
RF Industries reported Q1 EPS of $(0.06), in line with estimates, but missed revenue forecasts with $13.46M versus an expected $14.49M, indicating a 26.63% decrease in sales YOY.
Missing revenue forecasts and reporting a significant year-over-year decrease in sales are negative indicators that could lead to a short-term negative impact on RF Industries' stock price. The EPS meeting estimates might not be enough to counteract the negative sentiment generated by the revenue miss and sales decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100