Spire Q1 Net Economic EPS $1.47 Beats $1.35 Estimate, Sales $756.60M Beat $695.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spire Inc. (SR) reported Q1 earnings of $1.47 per share, surpassing the consensus estimate of $1.35 by 8.89%. However, this represents a 5.16% decrease from last year's earnings of $1.55 per share. Quarterly sales were $756.60 million, exceeding estimates of $695.47 million by 8.79%, but marking a 7.05% decrease from the previous year's $814.00 million.
February 01, 2024 | 12:04 pm
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POSITIVE IMPACT
Spire Inc. reported higher-than-expected Q1 earnings and sales, but both metrics showed a year-over-year decline.
The positive earnings and sales beat are likely to be viewed favorably by investors in the short term, potentially leading to a positive impact on Spire's stock price. However, the year-over-year declines in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100