i3 Verticals Q3 2024 EPS From continuing Operations $(0.49), Total Revenue From Continuing Operations $56.00M
Portfolio Pulse from Benzinga Newsdesk
i3 Verticals (NASDAQ:IIIV) reported a Q3 2024 EPS loss of $(0.49), missing the analyst consensus estimate of $0.04 by 1325%. The company also reported quarterly sales of $56.00 million, which missed the analyst consensus estimate of $96.42 million by 41.92%. This represents a 40.38% decrease from the same period last year.
August 08, 2024 | 9:46 pm
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NEGATIVE IMPACT
i3 Verticals reported a significant miss on both EPS and revenue for Q3 2024, with EPS at $(0.49) missing estimates by 1325% and revenue at $56.00 million missing by 41.92%. This also represents a 40.38% decrease in revenue year-over-year.
The significant miss on both EPS and revenue, along with a substantial year-over-year decline in revenue, is likely to negatively impact the stock price in the short term.
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