Crane Holdings Q4 2023 Adj EPS $0.90 Misses $0.93 Estimate, Sales $532.90M Beat $341.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crane Holdings (NYSE:CR) reported Q4 2023 earnings of $0.90 per share, missing the consensus estimate of $0.93. However, sales of $532.90M exceeded expectations of $341.42M, despite being a 35.34% decrease from the same period last year.
January 29, 2024 | 9:18 pm
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Crane Holdings reported lower-than-expected Q4 EPS at $0.90, missing estimates by 3.23%, but sales outperformed estimates by 56.08%, despite a year-over-year decline.
The miss in EPS is likely to negatively impact investor sentiment in the short term, but the significant beat in sales could offset this sentiment. The mixed results present a neutral outlook as the sales beat may suggest operational efficiency or market growth, while the EPS miss could indicate margin pressures or increased costs. The year-over-year sales decline is also a factor that could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100