ESCO Technologies: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
ESCO Technologies (NYSE:ESE) reported Q4 earnings with an EPS of $1.25, beating estimates by 2.46% and surpassing last year's revenue by $16.15 million. The company has a history of beating EPS estimates, which in the previous quarter led to a 2.74% stock price increase the following day.
November 16, 2023 | 9:20 pm
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POSITIVE IMPACT
ESCO Technologies reported a positive Q4 earnings beat with an EPS of $1.25, which could lead to a favorable short term stock price movement based on past performance.
ESCO Technologies has a recent history of stock price increases following an earnings beat. Given the company's performance in exceeding EPS estimates and increasing revenue compared to the same period last year, it is likely that investors will react positively in the short term, potentially leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100