Northwest Pipe Q2 EPS $0.74 Misses $0.79 Estimate, Sales $116.37M Beat $113.12M Estimate
Portfolio Pulse from vinayak@benzinga.com
Northwest Pipe (NASDAQ:NWPX) reported Q2 earnings of $0.74 per share, missing the analyst consensus estimate of $0.79 by 6.33%. This is a 28.85% decrease from the same period last year. However, the company's quarterly sales of $116.37 million beat the analyst consensus estimate of $113.12 million by 2.87%, despite being a 1.81% decrease from last year.
August 04, 2023 | 12:21 pm
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NEGATIVE IMPACT
Northwest Pipe's Q2 earnings missed estimates, but sales exceeded expectations.
The company's earnings miss could negatively impact the stock price in the short term. However, the sales beat might mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100