Strattec Security Q4 EPS $(0.69) Misses $(0.20) Estimate, Sales $132.22M Beat $125.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Strattec Security (NASDAQ:STRT) reported Q4 losses of $(0.69) per share, missing the analyst consensus estimate of $(0.20) by 245 percent. This is a 790 percent decrease from last year's earnings. However, the company's quarterly sales of $132.22 million beat the analyst consensus estimate of $125.03 million by 5.75 percent, marking a 7.43 percent increase from last year.
August 10, 2023 | 8:03 pm
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NEUTRAL IMPACT
Strattec Security's Q4 earnings per share missed estimates significantly, but sales beat estimates. This mixed result could lead to uncertainty in the market.
Strattec Security's Q4 earnings per share missed estimates by a large margin, which could negatively impact the stock price. However, the company's sales beat estimates, which could offset some of the negative impact. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100