Rogers Q4 2023 Adj EPS $0.60 Misses $1.00 Estimate, Sales $204.60M Miss $220.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rogers (NYSE:ROG) reported Q4 2023 earnings of $0.60 per share, missing the $1.00 estimate, with sales of $204.60M also missing the $220.00M estimate. This represents a 8.54% decrease in sales compared to the same period last year.
February 21, 2024 | 9:10 pm
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Rogers reported Q4 2023 earnings of $0.60 per share, missing estimates by 40%, and sales of $204.60M, missing estimates by 7%. Year-over-year sales decreased by 8.54%.
Missing both earnings and sales estimates significantly, especially with a 40% miss on the EPS estimate and a 7% miss on sales estimates, typically has a negative impact on investor sentiment and stock price in the short term. The year-over-year decrease in sales further compounds the negative outlook, indicating potential underlying issues with the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100