Cactus Q3 Adj EPS $0.80 Misses $0.86 Estimate, Sales $287.87M Miss $288.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cactus (NYSE:WHD) reported Q3 adjusted earnings of $0.80 per share, missing the analyst consensus estimate of $0.86 by 6.98%. The company also reported quarterly sales of $287.87 million, missing the analyst consensus estimate of $288.32 million by 0.16%. However, both earnings and sales have increased significantly compared to the same period last year.
November 08, 2023 | 10:08 pm
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NEGATIVE IMPACT
Cactus' Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Cactus' Q3 earnings and sales fell short of analyst estimates, which could lead to a negative reaction in the stock market. However, the significant YoY growth in both earnings and sales might be seen as a positive sign by some investors, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100