Heico Q1 2024 GAAP EPS $0.82 Beats $0.74 Estimate, Sales $896.36M Beat $894.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heico (NYSE:HEI) reported Q1 2024 earnings of $0.82 per share, surpassing the $0.74 estimate, marking a 22.39% increase from last year. Sales reached $896.36M, slightly above the $894.50M estimate, representing a 44.36% increase from the previous year.
February 26, 2024 | 9:36 pm
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Heico reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $0.82 and sales at $896.36M.
Heico's earnings and sales beat are likely to positively impact investor sentiment and the stock price in the short term. The significant year-over-year growth in both earnings per share and sales indicates strong company performance and operational efficiency, which are key drivers for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100