Shyft Group Q3 Adj EPS $0.19 Beats $0.12 Estimate, Sales $201.32M Miss $207.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shyft Group reported Q3 earnings of $0.19 per share, beating the analyst consensus estimate of $0.12 by 58.33%. However, the company's quarterly sales of $201.32 million missed the analyst consensus estimate of $207.80 million by 3.12%. This represents a 64.15% decrease in earnings and a 29.63% decrease in sales compared to the same period last year.
October 26, 2023 | 11:32 am
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NEUTRAL IMPACT
Shyft Group's Q3 earnings exceeded expectations but sales did not meet estimates. This resulted in a significant decrease in both earnings and sales compared to last year.
While Shyft Group's earnings beat estimates, the miss on sales and the significant year-over-year decreases in both earnings and sales could lead to mixed investor sentiment, potentially causing short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100