Boise Cascade Q4 2023 GAAP EPS $2.44 Misses $2.51 Estimate, Sales $1.64B Inline
Portfolio Pulse from Benzinga Newsdesk
Boise Cascade (NYSE:BCC) reported Q4 2023 earnings of $2.44 per share, missing the consensus estimate of $2.51 by 2.79%. Year-over-year, earnings decreased by 17.29% from $2.95 per share. Quarterly sales were $1.64 billion, in line with estimates and marking a 0.98% increase from the previous year.
February 20, 2024 | 9:21 pm
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Boise Cascade reported Q4 2023 earnings of $2.44 per share, missing estimates by 2.79%, with a 17.29% decrease from last year. Sales were $1.64 billion, in line with expectations.
Missing the earnings estimate and reporting a significant year-over-year decrease in earnings per share are likely to negatively impact investor sentiment and Boise Cascade's stock price in the short term. However, meeting sales estimates might mitigate some negative impact.
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IMPORTANCE 90
RELEVANCE 100