Carpenter Tech Q1 EPS $0.88 Beats $0.76 Estimate, Sales $651.90M Miss $739.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carpenter Tech (NYSE:CRS) reported Q1 earnings of $0.88 per share, beating the analyst consensus estimate of $0.76 by 15.79%. However, the company's quarterly sales of $651.90 million missed the analyst consensus estimate of $739.15 million by 11.80%. This represents a 728.57% increase in earnings and a 24.67% increase in sales compared to the same period last year.
October 26, 2023 | 12:07 pm
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NEUTRAL IMPACT
Carpenter Tech's Q1 earnings beat estimates but sales missed, indicating mixed performance. This could lead to volatility in the stock's price.
Carpenter Tech's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive impact, leading to uncertainty and potential volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100