RGC Resources Q3 EPS $0.02 Misses $0.07 Estimate, Sales $14.46M Beat $14.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
RGC Resources (NASDAQ:RGCO) reported Q3 earnings per share (EPS) of $0.02, missing the analyst estimate of $0.07 by 71.43%. However, the company reported sales of $14.46 million, beating the estimate of $14.00 million by 3.27%.
August 05, 2024 | 8:53 pm
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RGC Resources reported Q3 EPS of $0.02, missing the analyst estimate of $0.07 by 71.43%. However, sales of $14.46 million beat the estimate of $14.00 million by 3.27%.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the sales beat. Investors often react more strongly to earnings misses.
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