BlueLinx Hldgs Q4 2023 Adj EPS $2.94 Beats $1.67 Estimate, Sales $712.53M Miss $764.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlueLinx Holdings (BXC) reported Q4 2023 adjusted EPS of $2.94, surpassing the $1.67 estimate by 76.05%. However, their sales of $712.53M fell short of the $764.51M estimate by 6.80%, marking a 15.95% decrease from the previous year.
February 20, 2024 | 9:27 pm
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NEUTRAL IMPACT
BlueLinx Holdings reported a significant beat on EPS but missed sales estimates for Q4 2023, with a notable year-over-year decline.
While the EPS beat is positive, the sales miss and year-over-year decline could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the strong earnings against the sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100