FlexShopper Q4 2023 GAAP EPS $(0.16) Beats $(0.25) Estimate, Sales $30.271M Miss $30.509M Estimate
Portfolio Pulse from Benzinga Newsdesk
FlexShopper (NASDAQ:FPAY) reported Q4 2023 GAAP EPS of $(0.16), beating the $(0.25) estimate, but missed sales estimates with $30.271M against the expected $30.509M. This represents a 41.38% increase in sales compared to the same period last year.
April 01, 2024 | 8:51 pm
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NEUTRAL IMPACT
FlexShopper reported a better-than-expected Q4 2023 EPS but missed on sales estimates, showing a significant year-over-year sales growth.
The mixed results with an EPS beat but a slight miss on sales forecasts could lead to a neutral short-term impact on FPAY's stock price. The significant year-over-year sales growth indicates strong business performance, which might offset the negative sentiment from the sales miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100