Haynes Intl: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Haynes International (NASDAQ:HAYN) reported Q4 earnings with an EPS of $1.02, missing the estimate of $1.12 by 8.93%. However, revenue increased by $16.79 million compared to the same period last year. In the previous quarter, HAYN beat the EPS estimate by $0.01, resulting in a 5.54% share price increase the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS estimates.
November 16, 2023 | 9:15 pm
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NEGATIVE IMPACT
Haynes International reported a miss on Q4 earnings with an EPS of $1.02 against an estimate of $1.12, but showed an increase in revenue year-over-year. Historical data suggests a potential for stock price movement following earnings reports.
Missing the EPS estimate could lead to a negative short-term reaction in the stock price, as seen with many companies' stock performance post-earnings. However, the increase in revenue may mitigate some negative sentiment. Historical performance indicates that the stock price can be sensitive to earnings reports.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100