Recap: UFP Industries Q4 Earnings
Portfolio Pulse from Benzinga Insights
UFP Industries (NASDAQ:UFPI) reported Q4 earnings with an EPS of $1.62, missing estimates by 1.82% against an expected $1.65. Revenue decreased by $389.70 million from the previous year. Despite missing EPS estimates last quarter, UFPI's share price increased by 0.64% the following day. Historical earnings data shows a pattern of missed EPS estimates in recent quarters.
February 20, 2024 | 1:05 pm
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UFP Industries reported a Q4 EPS of $1.62, missing estimates by 1.82%, with a significant revenue drop from the previous year.
Missing earnings estimates and reporting a significant year-over-year revenue drop are typically negative indicators for a stock's short-term performance. Historical data shows a slight increase in share price following last quarter's earnings miss, but the consistent pattern of not meeting expectations could temper investor enthusiasm.
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