Tennant Q4 Adj EPS $1.92 Beats $1.25 Estimate, Sales $311.40M Beat $309.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tennant (NYSE:TNC) reported Q4 adjusted EPS of $1.92, surpassing the $1.25 estimate, and sales of $311.40M, exceeding the $309.97M estimate. This represents a 31.51% increase in earnings and a 7.01% increase in sales compared to the same period last year.
February 22, 2024 | 1:57 pm
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POSITIVE IMPACT
Tennant's Q4 earnings and sales exceeded analyst expectations, with a significant increase in both metrics compared to the same period last year.
Tennant's substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100