Dril-Quip Q4 2023 Adj EPS $0.04 Misses $0.18 Estimate, Sales $126.34M Beat $118.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dril-Quip (NYSE:DRQ) reported Q4 2023 earnings of $0.04 per share, missing the consensus estimate of $0.18 by 77.78%. However, their quarterly sales of $126.34M exceeded the estimate of $118.50M by 6.62%, marking a 30.50% increase from the same period last year.
February 26, 2024 | 9:16 pm
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Dril-Quip's Q4 2023 earnings per share of $0.04 missed estimates by 77.78%, but sales of $126.34M exceeded expectations and grew 30.50% YOY.
While Dril-Quip's earnings per share significantly missed analyst expectations, the company's sales not only beat the estimates but also showed a substantial year-over-year growth. This mixed result could lead to neutral short-term price movement as investors weigh the earnings miss against the strong sales performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100