CAE: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
CAE (NYSE:CAE) reported its Q3 earnings on February 14, 2024, with an EPS of $0.18, matching the estimate. Revenue increased by $44.56 million from the same period last year. The company's past earnings performance shows a mixed track record, with the last quarter missing EPS estimates leading to a 1.19% drop in share price the following day.
February 14, 2024 | 3:00 pm
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NEUTRAL IMPACT
CAE reported Q3 earnings with an EPS of $0.18, meeting estimates, and a significant year-over-year revenue increase. The company's past performance shows variability in meeting EPS estimates.
CAE's in-line EPS report and revenue increase suggest a neutral to positive short-term impact on its stock price. However, the company's history of mixed earnings performance, including a recent miss that led to a share price drop, adds a level of uncertainty. The neutral score reflects this balance between positive current earnings and potentially cautious investor sentiment based on past performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100