Recap: Heico Q2 Earnings
Portfolio Pulse from Benzinga Insights
Heico (NYSE:HEI) reported Q2 earnings with an EPS of $0.76, beating estimates by 4.11%. Revenue was up $149.03 million YoY. Last quarter, the company beat EPS estimates by $0.01, followed by a 5.21% drop in share price the next day.
May 22, 2023 | 8:21 pm
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Heico's Q2 earnings beat estimates with a 4.11% higher EPS. However, last quarter's beat resulted in a 5.21% share price drop the following day.
Heico's Q2 earnings beat estimates, which is generally a positive sign for the stock. However, the company's share price dropped 5.21% the day after last quarter's earnings beat. This mixed performance makes it difficult to predict the short-term impact on the stock price, so a neutral score is assigned.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100