Meritage Hospitality Group Inc. (MHGU) Reports Q3 Loss, Misses Revenue Estimates
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Meritage Hospitality Group Inc. (MHGU) reported a Q3 loss of $0.34 per share, missing the Zacks Consensus Estimate of $0.49. This is a larger loss compared to $0.09 per share a year ago.
November 05, 2024 | 12:30 pm
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Meritage Hospitality Group Inc. reported a larger-than-expected Q3 loss of $0.34 per share, missing the Zacks Consensus Estimate of $0.49. This marks a significant increase in losses compared to the previous year.
The reported loss of $0.34 per share is significantly worse than the expected $0.49 loss, indicating financial underperformance. This is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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