AZEK Co: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
AZEK Co (NYSE:AZEK) reported Q4 earnings with an EPS of $0.36, beating estimates by 24.14% against the expected $0.29. Revenue increased by $84.18 million compared to the same period last year. The company's share price increased by 6.33% the day after last quarter's earnings beat.
November 28, 2023 | 9:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AZEK Co reported strong Q4 earnings, beating EPS estimates by 24.14% and showing a significant year-over-year revenue increase. Historically, the stock price rose following a positive earnings surprise.
Given AZEK's earnings beat and historical stock price increase following positive earnings reports, it is likely that the stock will experience a short-term positive impact. The magnitude of the earnings beat and revenue increase suggests strong company performance, which typically translates into investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100