CECO Environmental Q3 Adj EPS $0.22 Beats $0.18 Estimate, Sales $149.39M Beat $132.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental reported Q3 adjusted earnings of $0.22 per share, beating the analyst consensus estimate of $0.18 by 22.22%. This is a 10% increase from the same period last year. The company also reported quarterly sales of $149.39 million, beating the analyst consensus estimate of $132.80 million by 12.49%. This is a 37.80% increase from the same period last year.
November 07, 2023 | 12:04 pm
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POSITIVE IMPACT
CECO Environmental's Q3 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
CECO Environmental's Q3 earnings and sales exceeded the analyst consensus estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100