Shyft Group Q4 EPS $(0.03), Inline, Sales $202.33M Beat $191.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shyft Group reported Q4 losses of $(0.03) per share, meeting analyst estimates, with sales of $202.33M beating the $191.55M estimate. This represents a 105.17% decrease in earnings and a 33.00% decrease in sales from the same period last year.
February 22, 2024 | 12:34 pm
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Shyft Group reported a significant decrease in earnings and sales for Q4, with EPS at $(0.03) and sales of $202.33M, though sales beat estimates.
The reported earnings per share (EPS) of $(0.03) indicate a significant decrease from the previous year's earnings, aligning with analyst expectations but highlighting a downturn in profitability. The sales figure, while exceeding estimates, also represents a substantial year-over-year decline. These factors combined suggest a negative short-term impact on SHYF's stock price, as the market reacts to both the decline in profitability and sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100