ASGN Q4 2023 Adj EPS $1.45 Beats $1.37 Estimate, Sales $1.07B Beat $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
ASGN reported Q4 2023 adjusted EPS of $1.45, surpassing the $1.37 estimate, with sales of $1.07B also beating the $1.05B estimate. This represents a 6.61% decrease in sales compared to the same period last year.
February 07, 2024 | 9:11 pm
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POSITIVE IMPACT
ASGN's Q4 2023 earnings and sales exceeded estimates, with an adjusted EPS of $1.45 and sales of $1.07B, despite a year-over-year sales decline of 6.61%.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. Despite the year-over-year decrease in sales, the fact that ASGN exceeded expectations could lead to positive investor sentiment and potentially an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100