Recap: Enpro Q4 Earnings
Portfolio Pulse from Benzinga Insights
Enpro (NYSE:NPO) reported Q4 earnings with an EPS of $1.19, missing estimates by 17.36% and a revenue decrease of $22.80 million from the previous year. Despite past earnings misses, the company's share price increased by 4.99% the day after last quarter's earnings were announced.
February 20, 2024 | 11:35 am
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Enpro reported a significant miss in Q4 earnings with an EPS of $1.19 against estimates of $1.44 and a year-over-year revenue decline. However, historical data shows a share price increase following the last earnings miss.
Despite the earnings miss and revenue decline, Enpro's stock price has historically shown resilience following earnings announcements. The 4.99% share price increase after the last quarter's miss suggests that while the Q4 results are disappointing, investor reaction may be tempered by past performance trends.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100