UFP Industries Q4 EPS $1.62 Misses $1.65 Estimate, Sales $1.52B Miss $1.64B Estimate
Portfolio Pulse from Happy Mohamed
UFP Industries (NASDAQ:UFPI) reported Q4 earnings of $1.62 per share, missing the $1.65 estimate, and sales of $1.52B, below the $1.64B estimate. This represents a 22.86% decrease in earnings and a 20.36% decrease in sales from the same period last year.
February 20, 2024 | 1:20 pm
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NEGATIVE IMPACT
UFP Industries reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such significant year-over-year decreases, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100