Sylvamo Q4 2023 Adj EPS $1.16 Beats $0.84 Estimate, Sales $964.00M Beat $903.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo (NYSE:SLVM) reported Q4 2023 adjusted EPS of $1.16, surpassing the $0.84 estimate, with sales of $964M also beating the $903.72M estimate, marking a 3.99% increase from the previous year.
February 15, 2024 | 12:05 pm
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POSITIVE IMPACT
Sylvamo reported a significant beat on both EPS and sales estimates for Q4 2023, with a year-on-year sales growth of 3.99%.
Sylvamo's earnings beat and sales growth are likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price. The significant outperformance against analyst estimates and year-on-year growth are key indicators of the company's strong financial health and operational efficiency, which could boost investor confidence and demand for SLVM shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100