Moog Inc. Class A Common Stock Q1 2024 Adj EPS $1.53 Beats $1.46 Estimate, Sales $857.00M Beat $820.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
Moog Inc. Class A (NYSE:MOG) reported Q1 2024 adjusted EPS of $1.53, surpassing the $1.46 estimate, and sales of $857M, exceeding the $820.04M estimate. This represents a 12.75% increase in sales compared to the same period last year.
January 26, 2024 | 1:02 pm
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POSITIVE IMPACT
Moog Inc. Class A reported higher-than-expected Q1 2024 earnings and sales, indicating strong financial performance and potential investor confidence.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term as it reflects better-than-anticipated financial health and may lead to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100