WestRock Q4 Adj $0.81 Beats $0.74 Estimate, Sales $4.99B Miss $5.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
WestRock (NYSE:WRK) reported Q4 earnings of $0.81 per share, beating the analyst consensus estimate of $0.74 by 9.46%. However, this is a 43.36% decrease from last year's earnings. The company's quarterly sales of $4.99 billion missed the analyst consensus estimate of $5.11 billion by 2.29%, marking a 7.68% decrease from last year.
November 09, 2023 | 11:31 am
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WestRock's Q4 earnings beat estimates but are significantly lower than last year. Sales also missed estimates and are down from last year.
WestRock's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100