Recap: CrossAmerica Partners Q4 Earnings
Portfolio Pulse from Benzinga Insights
CrossAmerica Partners (NYSE:CAPL) reported Q4 earnings with an EPS of $0.42, surpassing estimates by 91.0% against an expected $0.22. However, revenue decreased by $109.77 million from the previous year. The company had previously beaten EPS estimates in Q3 2023, which was followed by a stable share price the next day.
February 26, 2024 | 9:35 pm
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CrossAmerica Partners reported a significant beat on Q4 earnings with an EPS of $0.42, far exceeding the estimated $0.22. However, there was a notable decrease in revenue compared to the previous year.
The substantial beat on earnings estimates is likely to positively impact investor sentiment towards CAPL in the short term, despite the decrease in revenue. Historical performance indicates that beating EPS estimates has previously led to stable share price movements, suggesting a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100