Recap: Quad/Graphics Q4 Earnings
Portfolio Pulse from Benzinga Insights
Quad/Graphics (NYSE:QUAD) reported Q4 earnings, surpassing estimated earnings by 76.92% with an EPS of $0.23 against an estimate of $0.13. However, revenue declined by $97.30 million from the same period last year. In the previous quarter, despite beating EPS estimates, the share price dropped by 12.68% the following day.
February 20, 2024 | 9:35 pm
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Quad/Graphics reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to the same period last year.
While the earnings beat is positive, the significant revenue decline and historical context of a share price drop following last quarter's earnings beat suggest a mixed short-term impact. Investors may react positively to the earnings surprise but remain cautious due to the revenue decrease and past share price volatility post-earnings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100