Recap: Mueller Water Products Q4 Earnings
Portfolio Pulse from Benzinga Insights
Mueller Water Products (NYSE:MWA) reported Q4 earnings with an EPS of $0.19, beating estimates by 35.71% against the expected $0.14. However, revenue declined by $30 million compared to the same period last year. In the previous quarter, a miss on EPS resulted in a 10.59% share price drop the following day. The company's past earnings performance shows mixed results with both misses and beats on EPS and revenue estimates.
December 13, 2023 | 9:20 pm
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Mueller Water Products reported a strong Q4 earnings beat with an EPS of $0.19, exceeding estimates by 35.71%, but faced a revenue decline from the previous year. Historical data shows that past earnings misses have negatively impacted the stock price.
While the EPS beat is positive, the decline in revenue and historical share price drop following an earnings miss suggest a mixed impact. Investors may react positively to the earnings beat, but concerns over revenue may temper gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100