CAE Q3 2024 Adj EPS $0.24 Misses $0.25 Estimate, Sales $1.09B Miss $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
CAE reported Q3 2024 adjusted EPS of $0.24, missing the $0.25 estimate, and sales of $1.09B, below the $1.11B estimate. This represents a 44.02% increase in sales compared to the same period last year.
February 14, 2024 | 2:21 pm
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NEGATIVE IMPACT
CAE's Q3 2024 earnings missed analyst estimates with an adjusted EPS of $0.24 and sales of $1.09B, indicating a potential short-term negative impact on its stock price.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year sales growth might mitigate some negative impact.
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