Compass Minerals Intl: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Compass Minerals Intl (NYSE:CMP) reported Q4 earnings with an EPS of $-0.06, missing estimates by 50% compared to the expected $-0.04. Revenue decreased by $15.80 million from the same period last year. In the previous quarter, CMP beat EPS estimates but the share price fell by 5.68% the following day.
November 16, 2023 | 9:35 pm
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NEGATIVE IMPACT
Compass Minerals Intl reported a larger loss than expected in Q4 with an EPS of $-0.06, missing the estimate by 50%. Revenue also declined compared to last year.
The negative earnings report, with a significant miss on EPS and a decrease in revenue year-over-year, is likely to have a bearish impact on CMP's stock price in the short term. Historical data shows that a previous earnings beat was followed by a drop in share price, suggesting that the market may react negatively to earnings misses.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100