GFL Environmental Q4 2023 GAAP EPS C$(0.21) Misses C$(0.05) Estimate
Portfolio Pulse from Benzinga Newsdesk
GFL Environmental reported a Q4 2023 GAAP EPS of $(0.21), missing the $(0.05) estimate by 320%. However, their quarterly sales of $1.88 billion exceeded expectations by 1.70% and marked a 38.85% increase from the previous year.
February 20, 2024 | 9:23 pm
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NEUTRAL IMPACT
GFL Environmental's Q4 2023 earnings report showed a significant miss on EPS estimates but exceeded sales forecasts, indicating mixed financial health.
The significant miss on the EPS estimate could negatively impact investor sentiment and stock price in the short term. However, the better-than-expected sales figures and substantial year-over-year growth might offset some of the negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100