Kaman Q4 EPS $0.12 Misses $0.14 Estimate, Sales $203.10M Beat $195.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaman (NYSE:KAMN) reported Q4 earnings of $0.12 per share, missing the consensus estimate of $0.14, a 71.43% decrease from last year's $0.42. However, their quarterly sales of $203.10M exceeded the $195.77M estimate, marking a 3.02% increase from the previous year.
February 22, 2024 | 10:05 pm
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Kaman's Q4 earnings per share missed estimates, showing a significant decrease from the previous year, but sales exceeded expectations with a slight increase.
The miss in earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, despite the sales beat. The significant decrease in EPS year-over-year could raise concerns about profitability and operational efficiency, potentially leading to a decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100