Suburban Propane Partners Q4 EPS $(0.33) Beats $(0.45) Estimate, Sales $226.59M Miss $233.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Suburban Propane Partners (NYSE:SPH) reported Q4 losses of $(0.33) per share, beating the analyst consensus estimate of $(0.45) by 26.67%. However, the company's quarterly sales of $226.59 million missed the analyst consensus estimate of $233.00 million by 2.75%. This represents a 4.65% decrease over sales from the same period last year.
November 09, 2023 | 12:35 pm
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Suburban Propane Partners reported better than expected Q4 EPS but lower than expected sales.
While the company beat EPS estimates, which could have a positive impact on the stock, it missed on sales, which could have a negative impact. The net effect is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100