ESCO Technologies Q4 Adj $1.25 Beats $1.22 Estimate, Sales $272.65M Beat $266.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
ESCO Technologies (NYSE:ESE) reported Q4 adjusted earnings of $1.25 per share, surpassing the consensus estimate of $1.22, and marking a 3.31% increase from the previous year. Quarterly sales reached $272.65M, exceeding estimates of $266.27M and showing a 6.30% increase year-over-year.
November 16, 2023 | 9:29 pm
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POSITIVE IMPACT
ESCO Technologies reported strong Q4 results, with both earnings and sales exceeding analyst estimates and showing year-over-year growth.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in ESCO Technologies' stock price. Historically, stocks tend to react positively to earnings beats, especially when accompanied by sales growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100