CSW Industrials Q3 Adj EPS $1.07 Misses $1.17 Estimate, Sales $174.97M Miss $180.55M Estimate
Portfolio Pulse from totan@benzinga.com
CSW Industrials (NASDAQ:CSWI) reported Q3 adjusted EPS of $1.07, missing the $1.17 estimate, and sales of $174.97M, below the $180.55M estimate. This represents a 5.94% increase in EPS and a 2.26% increase in sales from the same period last year.
February 01, 2024 | 11:48 am
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NEGATIVE IMPACT
CSW Industrials reported lower-than-expected Q3 earnings and sales, missing consensus estimates.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported growth in EPS and sales year-over-year may slightly mitigate the impact, but the miss on expectations is likely to be the dominant factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100