AZZ Q3 Adj EPS $1.19 Beats $1.00 Estimate, Sales $381.61M Beat $374.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
AZZ Inc. (NYSE:AZZ) reported Q3 adjusted earnings per share (EPS) of $1.19, surpassing the consensus estimate of $1.00 by 19%. Year-over-year, this represents a 52.56% increase from $0.78 EPS. Quarterly sales reached $381.61 million, exceeding estimates of $374.73 million by 1.83% and marking a 2.22% increase from the previous year's sales of $373.30 million.
January 09, 2024 | 9:34 pm
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POSITIVE IMPACT
AZZ Inc. reported strong Q3 results with both adjusted EPS and sales exceeding analyst estimates, indicating robust financial performance and potential investor confidence.
The positive earnings report from AZZ Inc. is likely to instill investor confidence and could lead to a short-term increase in the stock price. Beating both EPS and sales estimates by a significant margin demonstrates the company's strong performance and may attract more attention from investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100