Recap: Compass Minerals Intl Q1 Earnings
Portfolio Pulse from Benzinga Insights
Compass Minerals Intl (NYSE:CMP) reported Q1 earnings with an EPS of $0.05, missing estimates by 80.77% against an expected $0.26. Revenue decreased by $10.70 million from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates leading to share price drops.
February 07, 2024 | 9:40 pm
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Compass Minerals Intl reported a significant miss in Q1 earnings and a decrease in revenue, continuing a trend of missed estimates.
Given Compass Minerals Intl's history of share price drops following missed earnings estimates, the significant miss in Q1 earnings and decrease in revenue are likely to negatively impact the stock price in the short term. The pattern observed in past quarters, where missed EPS estimates led to share price declines, supports this analysis.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100