Tennant Q3 Adj EPS $1.34 Beats $1.15 Estimate, Sales $304.70M Beat $296.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tennant (NYSE:TNC) reported Q3 adjusted earnings of $1.34 per share, beating the analyst consensus estimate of $1.15 by 16.52%. This is a 35.35% increase from the same period last year. The company also reported quarterly sales of $304.70 million, beating the analyst consensus estimate of $296.60 million by 2.73%, a 15.90% increase from the same period last year.
October 31, 2023 | 1:02 pm
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POSITIVE IMPACT
Tennant's Q3 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on its stock price.
Tennant's Q3 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The significant YoY growth in earnings and sales further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100