Avanos Medical Q4 Adj EPS $0.32 Misses $0.37 Estimate, Sales $173.30M Miss $173.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avanos Medical reported its Q4 adjusted EPS at $0.32, missing the estimated $0.37. Sales were $173.30M, slightly below the expected $173.43M.
February 20, 2024 | 12:03 pm
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NEGATIVE IMPACT
Avanos Medical's Q4 earnings and sales missed estimates, with adjusted EPS at $0.32 against a $0.37 estimate and sales at $173.30M versus $173.43M expected.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100