NV5 Global Q4 2023 Adj EPS $1.14 Misses $1.20 Estimate, Sales $215.50M Miss $217.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
NV5 Global (NVEE) reported Q4 2023 adjusted EPS of $1.14, missing the $1.20 estimate, and sales of $215.50M, missing the $217.71M estimate. This represents a 5.79% decrease in EPS and a 13.53% increase in sales year-over-year.
February 22, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
NV5 Global reported a Q4 2023 adjusted EPS of $1.14, missing estimates by 5%, and sales of $215.50M, missing estimates by 1.02%. Year-over-year, EPS decreased by 5.79%, while sales increased by 13.53%.
Missing both EPS and sales estimates typically has a negative short-term impact on a company's stock price. The decrease in EPS year-over-year further compounds the potential negative sentiment among investors, despite the increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100