Recap: Cemtrex Q1 Earnings
Portfolio Pulse from Benzinga Insights
Cemtrex (NASDAQ:CETX) reported Q1 earnings with an EPS of $-1.15, missing estimates by 33.72% against an expected $-0.86. Revenue increased by $4.91 million from the same period last year. In the previous quarter, the company exceeded EPS estimates but experienced a 16.95% share price drop the following day. Historical performance shows fluctuating EPS and revenue figures.
February 12, 2024 | 9:35 pm
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Cemtrex reported a significant miss in Q1 earnings with an EPS of $-1.15 against the expected $-0.86, but showed an increase in revenue by $4.91 million from the previous year.
The significant miss in earnings expectations is likely to negatively impact investor sentiment and stock price in the short term, especially considering the historical context where a previous earnings beat was followed by a significant stock price drop. The increase in revenue may provide some buffer, but the missed earnings figure is a critical factor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100