Douglas Dynamics Prelim. Q4 Adj. EPS $0.19 Vs $0.59 Est,; Revenue $134M Vs $178.8M
Portfolio Pulse from Benzinga Newsdesk
Douglas Dynamics reported preliminary Q4 adjusted earnings per share (EPS) of $0.19, which is significantly lower than the estimated $0.59. Revenue for the quarter was $134 million, also below the expected $178.8 million.
January 30, 2024 | 1:33 pm
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Douglas Dynamics (PLOW) reported a substantial miss in both adjusted EPS and revenue for Q4, with figures coming in well below analyst estimates.
The reported earnings miss is likely to negatively impact investor sentiment and the stock price of Douglas Dynamics in the short term. Earnings reports are critical events for stocks, and missing estimates on both EPS and revenue by such a large margin could lead to a decrease in stock price as the market adjusts to the new information.
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IMPORTANCE 90
RELEVANCE 100