S&W Seed Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
S&W Seed (NASDAQ:SANW) Third Quarter 2023 Results
Key Financial Results
Revenue: US$17.7m (down 24% from 3Q 2022).
Net income: US$32.0m (up from US$7.36m loss in 3Q 2022).
EPS: US$0.75 (up from US$0.19 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
S&W Seed EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
Be aware that S&W Seed is showing 5 warning signs in our investment analysis and 3 of those make us uncomfortable...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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