Chart Industries Q3 Adj EPS $1.28 Misses $1.61 Estimate, Sales $897.90M Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chart Industries (NYSE:GTLS) reported Q3 adjusted earnings of $1.28 per share, missing the analyst consensus estimate of $1.61 by 20.5%. This is a 14.09% decrease from the same period last year. The company also reported quarterly sales of $897.90 million, missing the analyst consensus estimate of $1.04 billion by 13.66%. However, this is a 117.88% increase from the same period last year.
October 27, 2023 | 10:32 am
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NEGATIVE IMPACT
Chart Industries' Q3 earnings and sales missed estimates, which could negatively impact the stock in the short term. However, the significant YoY increase in sales may offset some of this impact.
The company's earnings miss could lead to a negative reaction from investors, potentially driving the stock price down in the short term. However, the significant YoY increase in sales indicates strong growth, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100