AZZ: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
AZZ (NYSE:AZZ) reported its Q1 earnings results, missing estimated earnings by 1.72% with an EPS of $1.14 versus an estimate of $1.16. However, revenue was up $76.47 million from the same period last year. Last quarter, the company beat EPS estimates but saw a 4.32% drop in share price the next day.
July 07, 2023 | 8:50 pm
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NEGATIVE IMPACT
AZZ missed Q1 earnings estimates but reported increased revenue. Past performance shows a share price drop following an earnings beat.
AZZ's missed earnings estimates could negatively impact investor sentiment, potentially leading to a short-term drop in share price. This is further supported by past performance, where a share price drop followed an earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100