Recap: GFL Environmental Q4 Earnings
Portfolio Pulse from Benzinga Insights
GFL Environmental (NYSE:GFL) reported Q4 earnings with an EPS of $0.04, missing estimates by 82.61% against an expected $0.23. Revenue increased by $27.00 million from the previous year. The company's past earnings performance shows mixed results, with the last quarter beating EPS estimates but followed by a 2.18% drop in share price.
February 20, 2024 | 9:50 pm
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GFL Environmental reported significantly lower Q4 earnings than expected, with an EPS of $0.04 against estimates of $0.23, although revenue increased by $27 million from the previous year.
The significant miss in EPS estimates for Q4 is likely to negatively impact investor confidence and could lead to a short-term decrease in GFL's stock price, similar to the 2.18% drop observed after the last quarter's earnings beat. The increase in revenue may not be sufficient to offset the negative perception of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100