Park-Ohio Hldgs Q3 2023 Adj EPS $0.99 Beats $0.80 Estimate, Sales $418.80M Beat $406.05M Estimate
Portfolio Pulse from saritha@benzinga.com
Park-Ohio Hldgs reported Q3 2023 earnings of $0.99 per share, beating the analyst consensus estimate of $0.80 by 23.75%. This is a 90.38% increase from the same period last year. The company also reported quarterly sales of $418.80 million, beating the analyst consensus estimate of $406.05 million by 3.14%, but this is a 3.90% decrease from the same period last year.
November 01, 2023 | 8:30 pm
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POSITIVE IMPACT
Park-Ohio Hldgs reported better than expected Q3 2023 earnings and sales, but sales decreased compared to the same period last year.
Park-Ohio Hldgs reported strong Q3 2023 earnings, beating analyst estimates by a significant margin. This is likely to have a positive impact on the stock price in the short term. However, the decrease in sales compared to the same period last year might temper the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100