Douglas Dynamics Q4 Adj. EPS $0.19 Misses $0.59 Estimate, Sales $134.25M Beat $98.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Douglas Dynamics (NYSE:PLOW) reported Q4 adjusted EPS of $0.19, missing the $0.59 estimate, and sales of $134.25M, beating the $98.97M estimate. This represents a 63.46% decrease in earnings and a 16.00% decrease in sales from the same period last year.
February 27, 2024 | 7:06 am
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NEGATIVE IMPACT
Douglas Dynamics reported a significant miss in Q4 adjusted EPS at $0.19 compared to the $0.59 estimate, but exceeded sales expectations with $134.25M against a $98.97M estimate.
The significant miss in earnings per share (EPS) is likely to negatively impact investor sentiment and stock price in the short term, despite the sales beat. The decrease in earnings and sales from the previous year further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100