Rockwell Automation Q1 Adj EPS $2.04 Misses $2.64 Estimate, Sales $2.05B Miss $2.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rockwell Automation (NYSE:ROK) reported Q1 adjusted earnings of $2.04 per share, missing the consensus estimate of $2.64 by 22.73%, and a 17.07% decrease from the same period last year. Sales were $2.05B, missing the $2.10B estimate by 2.29%, but marking a 3.58% increase from the previous year.
January 31, 2024 | 12:01 pm
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NEGATIVE IMPACT
Rockwell Automation reported lower-than-expected Q1 earnings and sales, missing estimates which could lead to negative investor sentiment in the short term.
Missing both earnings and sales estimates significantly, especially by 22.73% for EPS, is likely to result in a negative short-term impact on Rockwell Automation's stock price as it reflects a weaker financial performance than the market expected.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100