Intellinetics Q1 EPS $(0.04) Misses $0.04 Estimate, Sales $4.51M Beat $4.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intellinetics reported a Q1 EPS of $(0.04), missing the $0.04 estimate, representing a 233.33% decrease from last year. However, their sales of $4.51M exceeded the $4.23M estimate, marking a 7.64% increase from the previous year.
May 14, 2024 | 8:38 pm
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NEUTRAL IMPACT
Intellinetics missed EPS estimates but exceeded sales forecasts in Q1, indicating mixed financial health.
The miss on EPS estimates could negatively impact investor sentiment, while the beat on sales forecasts could offset some of the negative impact. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100