Capital Product Partners Q4 Adj. EPS $0.61 Misses $0.63 Estimate, Sales $95.51M Miss $95.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners (CPLP) reported Q4 adjusted EPS of $0.61, missing the $0.63 estimate, and sales of $95.51M, slightly below the $95.71M estimate. This represents a 40.78% decrease in EPS from last year, but a 19.54% increase in sales.
February 02, 2024 | 1:10 pm
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NEGATIVE IMPACT
CPLP missed Q4 earnings and sales estimates, with a significant decrease in EPS compared to last year but an increase in sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The significant decrease in EPS year-over-year could further concern investors, despite the increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100