Cemtrex: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Cemtrex (NASDAQ:CETX) reported Q4 earnings with an EPS of $-1.78, beating estimates by 50.42% against an expected $-3.59. Revenue increased by $3.66 million from the same period last year. Despite beating estimates this quarter, the company's share price dropped by 9.09% the day after missing EPS last quarter by $0.91.
December 21, 2023 | 9:50 pm
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POSITIVE IMPACT
Cemtrex reported a significant earnings beat for Q4 with an EPS of $-1.78, which was 50.42% higher than the estimated $-3.59. Revenue also increased compared to the same period last year.
Cemtrex's significant earnings beat and increased revenue suggest a positive outlook, which could lead to a short-term increase in stock price. However, the previous quarter's miss and subsequent stock price drop indicate potential volatility, which tempers the confidence score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100