AZZ: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
AZZ Inc. (NYSE:AZZ) reported Q3 earnings with an EPS of $1.19, beating estimates by 19.0% and showing a revenue increase of $8.30 million from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a share price increase the following day.
January 09, 2024 | 9:30 pm
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AZZ Inc. reported a strong Q3 earnings beat with an EPS of $1.19, surpassing the estimate of $1.0. Revenue increased compared to last year, continuing a trend of positive earnings performance.
Given AZZ's history of beating EPS estimates and the subsequent positive stock price reaction, it is likely that the stock will experience a short-term increase in price following this earnings beat. The 19% beat on EPS and the increase in revenue are significant positive indicators for investors.
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