Siebert Finl Q1 EPS $(0.03) Down From $0.10 YoY, Sales $19.70M Up From $16.17M YoY
Portfolio Pulse from Benzinga Newsdesk
Siebert Financial Corp. (SIEB) reported a Q1 EPS of $(0.03), a decrease from $0.10 YoY, with sales rising to $19.70M from $16.17M YoY.
May 10, 2024 | 10:43 pm
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NEUTRAL IMPACT
Siebert Financial Corp. reported a significant decrease in EPS from $0.10 to $(0.03) YoY, although sales increased by 21.84% to $19.70M.
The decrease in EPS indicates a significant drop in profitability, which could negatively impact investor sentiment and stock price in the short term. However, the increase in sales suggests growth in the company's operations, which might offset some of the negative impact. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100