TimkenSteel Q3 2023 Adj EPS $0.52 Misses $0.54 Estimate, Sales $354.20M Miss $356.10M Estimate
Portfolio Pulse from totan@benzinga.com
TimkenSteel (NYSE:TMST) reported Q3 2023 earnings of $0.52 per share, missing the analyst consensus estimate of $0.54 by 3.7%. The company also reported quarterly sales of $354.20 million, missing the estimate of $356.10 million by 0.53%. However, these figures represent a 677.78% increase in earnings and an 11.81% increase in sales compared to the same period last year.
November 02, 2023 | 9:08 pm
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NEUTRAL IMPACT
TimkenSteel's Q3 2023 earnings and sales missed estimates, but showed significant year-over-year growth. This mixed result could lead to uncertain short-term price movements.
TimkenSteel's earnings and sales missed estimates, which could negatively impact the stock price. However, the significant year-over-year growth could offset this negative impact, leading to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100