TFI International Q3 Adj EPS $1.57 Misses $1.73 Estimate, Sales $1.91B Beat $1.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
TFI International (NYSE:TFII) reported Q3 adjusted earnings of $1.57 per share, missing the analyst consensus estimate of $1.73 by 9.25%. This is a 21.89% decrease from the same period last year. However, the company's quarterly sales of $1.91 billion beat the analyst consensus estimate of $1.87 billion by 2.19%, despite being a 14.76% decrease from the same period last year.
October 23, 2023 | 9:34 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TFI International's Q3 earnings missed analyst estimates, which could negatively impact the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
TFI International's lower-than-expected earnings could lead to a decrease in the stock price as it indicates the company's profitability is not as high as expected. However, the higher-than-expected sales could offset some of this negative impact as it indicates strong demand for the company's services.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100