AZEK Co Q4 Adj $0.36 Beats $0.29 Estimate, Sales $388.81M Beat $368.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
AZEK Co (NYSE:AZEK) surpassed analyst expectations in Q4 with adjusted earnings of $0.36 per share, a significant increase from $0.16 per share a year ago, and a 24.14% beat over the $0.29 estimate. Sales also exceeded forecasts at $388.81M, a 27.63% increase from the previous year, outperforming the $368.82M estimate by 5.42%.
November 28, 2023 | 9:18 pm
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AZEK Co reported a strong earnings beat with Q4 adjusted EPS of $0.36, surpassing estimates by 24.14%, and a sales beat with $388.81M, exceeding estimates by 5.42%.
AZEK's significant beat on both earnings per share and sales compared to analyst estimates is likely to instill confidence in investors and could lead to a short-term increase in stock price. The substantial year-over-year growth in earnings and sales further underscores the company's strong performance, making it an attractive asset for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100