American Woodmark Q1 Adj EPS $2.78 Beats $2.30 Estimate, Sales $498.25M Beat $497.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Woodmark (NASDAQ:AMWD) reported Q1 adjusted earnings of $2.78 per share, beating the analyst consensus estimate of $2.30 by 20.87%. This is a 62.57% increase from the same period last year. The company also reported quarterly sales of $498.25 million, beating the analyst consensus estimate of $497.38 million by 0.18%, but this is an 8.22% decrease from the same period last year.
August 29, 2023 | 8:07 pm
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POSITIVE IMPACT
American Woodmark's Q1 earnings and sales beat estimates, but sales are down from last year.
American Woodmark's earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year might negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100