LSI Industries Q4 Adj. EPS $0.30 Beats $0.18 Estimate, Sales $123.64M Beat $118.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
LSI Industries (NASDAQ:LYTS) reported Q4 adjusted earnings of $0.30 per share, beating the analyst consensus estimate of $0.18 by 66.67%. This is a 42.86% increase from the same period last year. The company also reported quarterly sales of $123.64 million, beating the analyst consensus estimate of $118.65 million by 4.20%, despite a 3.01% decrease from the same period last year.
August 17, 2023 | 11:03 am
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POSITIVE IMPACT
LSI Industries reported a significant beat on Q4 earnings and sales estimates. The company's earnings per share increased by 42.86% YoY, and sales beat estimates by 4.20% despite a 3.01% YoY decrease.
The company's earnings beat the estimates by a significant margin, which is a positive signal for investors. The increase in earnings per share YoY indicates improved profitability. Despite the YoY decrease in sales, the fact that it still beat estimates is a positive sign. This could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100