Cemtrex Q1 2024 GAAP EPS $(1.15) Misses $(0.86) Estimate, Sales $16.90M Beat $15.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemtrex (NASDAQ:CETX) reported Q1 2024 earnings with a GAAP EPS of $(1.15), missing the $(0.86) estimate by 33.72%. However, their sales of $16.90M exceeded the $15.79M estimate by 7.02%, marking a 41.19% increase from the previous year.
February 12, 2024 | 9:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cemtrex reported a larger than expected quarterly loss but exceeded sales estimates, indicating mixed financial health.
The missed EPS estimate by a significant margin suggests potential concerns about profitability and cost management, which could negatively impact investor sentiment. However, the beat on sales estimates and a significant year-over-year sales increase might offset some negative perceptions, suggesting a neutral short-term impact on CETX's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100