WestRock Q1 Adj. EPS $0.20 Misses $0.35 Estimate, Sales $4.62B Miss $4.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
WestRock (NYSE:WRK) reported Q1 adjusted EPS of $0.20, missing the $0.35 estimate, and sales of $4.62B, missing the $4.80B estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.
February 01, 2024 | 11:34 am
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NEGATIVE IMPACT
WestRock reported a significant miss in both adjusted EPS and sales for Q1, with adjusted EPS at $0.20 versus the $0.35 estimate and sales at $4.62B versus the $4.80B estimate.
The significant miss in both earnings and sales compared to analyst estimates and the previous year's performance is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in both key financial metrics suggests underlying challenges that could affect future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100