Gorman-Rupp Q4 EPS $0.34 Beats $0.24 Estimate, Sales $160.56M Beat $156.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gorman-Rupp (NYSE:GRC) reported Q4 earnings of $0.34 per share, surpassing the $0.24 estimate, marking a 209.09% increase from last year. Sales reached $160.56M, exceeding the $156.78M estimate, up 9.98% from the previous year.
February 02, 2024 | 11:40 am
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Gorman-Rupp reported a significant beat on both earnings per share and sales for Q4, with earnings per share at $0.34 against a $0.24 estimate and sales at $160.56M against a $156.78M estimate.
The significant beat on both earnings per share and sales estimates for Gorman-Rupp indicates strong financial performance and operational efficiency. This outperformance, especially the substantial increase in earnings per share year-over-year, is likely to positively influence investor sentiment and could lead to a short-term uptick in GRC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100