Eagle Materials Q1 Adj. EPS $3.55 Misses $3.57 Estimate, Sales $601.52M Beat $601.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Materials (NYSE:EXP) reported Q1 adjusted earnings of $3.55 per share, missing the analyst consensus estimate of $3.57 by 0.56 percent. However, the company's quarterly sales of $601.52 million beat the estimate of $601.42 million by 0.02 percent.
July 27, 2023 | 10:31 am
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NEUTRAL IMPACT
Eagle Materials' Q1 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertain short-term price movements.
Eagle Materials' earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect is uncertain, leading to a neutral short-term price direction prediction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100