CECO Environmental Q2 Adj EPS $0.15 Misses $0.17 Estimate, Sales $129.18M Beat $116.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental reported Q2 adjusted earnings of $0.15 per share, missing the analyst consensus estimate of $0.17 by 11.76%. This is a 16.67% decrease from the same period last year. However, the company reported quarterly sales of $129.18 million, beating the analyst consensus estimate of $116.68 million by 10.71%, a 22.59% increase from last year.
August 08, 2023 | 11:08 am
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NEUTRAL IMPACT
CECO Environmental's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
CECO Environmental's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results make the short-term price impact uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100