Alexander & Baldwin Q3 EPS $0.16 Misses $0.32 Estimate, Sales $52.50M Beat $51.60M Estimate
Portfolio Pulse from totan@benzinga.com
Alexander & Baldwin (NYSE:ALEX) reported Q3 earnings of $0.16 per share, missing the analyst consensus estimate of $0.32 by 50%. However, the company's quarterly sales of $52.50 million beat the estimate of $51.60 million by 1.74%. This represents a 77.78% increase in earnings and a 6.28% increase in sales compared to the same period last year.
November 02, 2023 | 9:41 pm
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NEUTRAL IMPACT
ALEX's Q3 earnings missed estimates by 50%, but sales beat estimates by 1.74%. This could lead to mixed market reactions.
While ALEX's earnings miss could negatively impact the stock, the sales beat and YoY growth in both earnings and sales could offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100