Southland Holdings Q3 Earnings Miss Estimates, Stock Down 39.7% YTD

Southland Holdings reported a Q3 loss of $0.33 per share, missing revenue estimates by 13.87%. The company has topped consensus revenue estimates two times over the last four quarters. Southland shares have added about 39.7% since the beginning of the year, outperforming the S&P 500's gain of 16.4%. The current Zacks Rank #3 (Hold) suggests the shares are expected to perform in line with the market in the near future.