Cabot: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Cabot (NYSE:CBT) reported Q1 earnings with an EPS of $1.56, beating estimates by 4.7% but with a revenue decrease of $7M from the previous year. The company's past performance shows a consistent pattern of beating EPS estimates. Cabot provided FY 2024 earnings guidance between $6.3 and $6.8 per share.
February 05, 2024 | 9:35 pm
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Cabot reported a Q1 EPS of $1.56, surpassing estimates by 4.7%, though revenue fell by $7M from last year. The company has a history of beating EPS estimates and provided positive FY 2024 guidance.
Cabot's Q1 earnings beat and positive FY 2024 guidance are likely to positively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings beats have led to stock price increases, suggesting a similar outcome may follow this announcement.
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IMPORTANCE 90
RELEVANCE 100