Southeast Airport Group Q4 Adjusted EPS $5.00 Misses $5.04 Estimate, Sales $392.07M Beat $351.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southeast Airport Group (NYSE:ASR) reported Q4 earnings of $5.00 per share, missing the consensus estimate of $5.04 by 0.83%. However, their quarterly sales of $392.07M exceeded the estimate of $351.93M by 11.41%, marking a 5.87% increase from the previous year.
February 26, 2024 | 11:21 pm
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Southeast Airport Group's Q4 earnings per share were $5.00, missing estimates by 0.83%, but sales of $392.07M exceeded expectations, showing a 5.87% increase YoY.
While the slight miss in EPS might concern some investors, the significant beat in sales and year-over-year growth are positive indicators. The mixed results could lead to neutral short-term price movement as investors weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100