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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100