ZK International Group FY23 EPS $(1.93) Down From $(0.21) YoY; Revenue $111.60M Up From $102.39M YoY
Portfolio Pulse from Benzinga Newsdesk
ZK International Group reported a FY23 EPS of $(1.93), a significant decline from $(0.21) YoY. However, revenue increased to $111.60M from $102.39M YoY.
August 13, 2024 | 1:32 pm
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ZK International Group's FY23 EPS dropped significantly to $(1.93) from $(0.21) YoY, indicating a decline in profitability. However, revenue increased to $111.60M from $102.39M YoY, showing growth in sales.
The significant drop in EPS suggests a decline in profitability, which is likely to negatively impact the stock price in the short term. However, the increase in revenue indicates growth in sales, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100