Powell Industries Q1 EPS $1.98 Beats $0.84 Estimate, Sales $194.02M Beat $182.04M Estimate
Portfolio Pulse from mahesh@benzinga.com
Powell Industries (NASDAQ:POWL) reported Q1 earnings of $1.98 per share, surpassing the $0.84 estimate by 135.71%, and a 1880% increase from $0.10 per share last year. Sales reached $194.02M, exceeding the $182.04M estimate by 6.58% and marking a 52.94% increase from the previous year.

January 30, 2024 | 9:45 pm
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Powell Industries reported a significant earnings and sales beat for Q1, with EPS at $1.98 against an $0.84 estimate and sales of $194.02M against a $182.04M estimate.
The substantial beat on both earnings per share and sales figures for Powell Industries suggests a strong financial performance, which is likely to instill investor confidence and could lead to a short-term increase in stock price. The magnitude of the beat and the growth compared to the same period last year are significant, indicating improved company performance and potential future growth, which investors typically view positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100