Netcapital Q3 EPS $(0.19) Misses $0.04 Estimate, Sales $1.04M Miss $2.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Netcapital (NASDAQ:NCPL) reported a significant miss in both earnings and sales for Q3. Earnings per share were $(0.19), missing the $0.04 estimate by 575%, and sales were $1.04M, missing the $2.60M estimate by 59.92%. This represents a decrease of 157.58% in earnings and 53.89% in sales compared to the same period last year.

March 18, 2024 | 9:49 pm
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NEGATIVE IMPACT
Netcapital's Q3 earnings and sales significantly missed estimates, indicating a substantial decrease compared to the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a substantial decrease from the previous year's figures, suggests a negative short-term impact on Netcapital's stock price. The magnitude of the miss and the year-over-year decline are critical factors likely to shake investor confidence and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100