Enfusion Inc Cl A Up 5.92% To $8.77 After Earnings Miss

Enfusion Inc Cl A (ENFN) said before open Tuesday that it earned $0.02 per share in quarter three 2023.

On the revenue line, the company reported $44.4 million, beating estimates by $307 thousand.

In the same quarter a year ago, the company earned $0.02 per share on revenue of $39.2 million.

The stock is up 5.92% to $8.77 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Enfusion Inc Cl A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Enfusion Inc Cl A in the bottom 25% of stocks. The firm set a 52-week low on May 16, 2023 at $7.37 and set a 52-week high on November 11, 2022 at $14.61.

Enfusion Inc is a software-as-a-service (SaaS) provider focused on transforming the investment management industry. Its solutions are designed to eliminate technology and information barriers, empowering investment managers to make and execute better-informed investment decisions in real-time. It simplifies investment and operational workflows by unifying mission-critical systems and coalescing data into a single dataset resulting in a single source of truth.