Heico Q2 EPS $0.76 Beats $0.73 Estimate, Sales $687.84M Beat $676.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heico reported Q2 earnings of $0.76 per share, beating the analyst consensus estimate of $0.73 by 4.11%. Sales reached $687.84M, surpassing the estimate of $676.94M by 1.61%. Both earnings and sales increased significantly compared to the same period last year.
May 22, 2023 | 8:20 pm
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POSITIVE IMPACT
Heico's Q2 earnings and sales exceeded analyst estimates, with a 22.58% YoY increase in EPS and a 27.66% YoY increase in sales.
Heico's Q2 earnings and sales both surpassed analyst estimates, indicating strong financial performance. The significant YoY increases in both EPS and sales suggest that the company is experiencing growth, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100