Northern Technologies Q4 Adj. EPS $0.03 Misses $0.18 Estimate, Sales $20.71M Miss $21.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Technologies (NASDAQ:NTIC) reported Q4 adjusted EPS of $0.03, significantly missing the $0.18 estimate, and sales of $20.71M, also below the $21.40M estimate. This represents an 83.33% miss on EPS consensus and a 3.22% miss on sales, with a 62.5% decrease in EPS and a 2.26% increase in sales compared to the same period last year.
November 21, 2023 | 1:05 pm
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Northern Technologies reported a significant miss in Q4 earnings and sales, with EPS at $0.03 vs. the $0.18 estimate and sales at $20.71M vs. the $21.40M estimate.
The substantial miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss, especially in EPS, suggests potential underlying issues that may concern investors, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100