Calumet Specialty Prods Q4 EPS $(0.59) Misses $(0.39) Estimate, Sales $976.50M Beat $926.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Calumet Specialty Products Partners, L.P. (CLMT) reported a Q4 EPS of $(0.59), missing the $(0.39) estimate by 51.28%, but saw a 31.4% improvement over last year's $(0.86) per share. Sales reached $976.50M, exceeding the $926.13M estimate by 5.44%, despite a 2.33% decrease from last year's $999.80M.
February 23, 2024 | 12:33 pm
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Calumet Specialty Products Partners, L.P. (CLMT) reported a Q4 EPS of $(0.59), missing estimates but improving Y/Y. Sales exceeded expectations but showed a slight Y/Y decrease.
The mixed results with an EPS miss but a sales beat and year-over-year improvement in losses suggest a neutral short-term impact. The sales beat indicates operational strength, potentially offsetting the negative EPS miss in investors' eyes.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100