Crane Holdings Q3 Adj. EPS $1.03 Beats $0.87 Estimate, Sales $530.00M Beat $509.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crane Holdings (NYSE:CR) reported Q3 earnings of $1.03 per share, beating the analyst consensus estimate of $0.87 by 18.39%. However, this is a 44.62% decrease from the same period last year. The company also reported quarterly sales of $530.00 million, beating the analyst consensus estimate of $509.19 million by 4.09%, but this is a 34.98% decrease from the same period last year.
October 23, 2023 | 8:16 pm
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NEUTRAL IMPACT
Crane Holdings beat Q3 earnings and sales estimates, but reported significant decreases from the same period last year.
While Crane Holdings beat the Q3 earnings and sales estimates, the significant year-over-year decreases in both earnings and sales could potentially offset any positive impact from beating the estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100