John Bean Techs Q3 EPS $1.11 Beats $0.98 Estimate, Sales $403.60M Miss $416.35M Estimate
Portfolio Pulse from Happy Mohamed
John Bean Techs (NYSE:JBT) reported Q3 earnings of $1.11 per share, beating the analyst consensus estimate of $0.98 by 13.27%. This is a 15.63% increase from the same period last year. However, the company's quarterly sales of $403.60 million missed the analyst consensus estimate of $416.35 million by 3.06%, though it's a 1.20% increase from last year.
October 24, 2023 | 8:48 pm
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NEUTRAL IMPACT
John Bean Techs reported better than expected Q3 earnings but missed on sales. This mixed report may lead to uncertain short-term price movement.
John Bean Techs reported a strong beat on earnings, which is typically a positive signal for the stock. However, the miss on sales could offset some of this positivity. The net impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100