Constellium Q3 EPS $0.47 Beats $0.45 Estimate, Sales $1.86B Miss $1.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellium (NYSE:CSTM) reported Q3 earnings of $0.47 per share, beating the analyst consensus estimate of $0.45 by 4.44%. However, this is a 47.19% decrease from the same period last year. The company's quarterly sales were $1.86 billion, missing the analyst consensus estimate of $1.94 billion by 4.23%, and marking an 8.83% decrease from the same period last year.
October 25, 2023 | 10:02 am
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Constellium's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
While Constellium beat earnings estimates, the significant YoY decrease in earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100