Nordson: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Nordson (NASDAQ:NDSN) reported Q1 earnings with an EPS of $2.21, beating the estimate of $2.04 by 8.33%. Revenue increased by $22.72 million from the same period last year. Historically, Nordson has shown a positive trend in beating EPS estimates, which has been followed by share price increases.
February 21, 2024 | 9:45 pm
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Nordson reported a Q1 EPS of $2.21, surpassing the estimate of $2.04, and saw a revenue increase of $22.72 million from the previous year. This continues their trend of beating EPS estimates.
Nordson's consistent performance in surpassing earnings estimates, coupled with its revenue growth, suggests a positive outlook for the stock. Historically, beating EPS estimates has led to a share price increase the following day, indicating a likely short-term positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100