Federal Signal Q4 Adj. EPS $0.74 Beats $0.66 Estimate, Sales $448.40M Beat $428.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Signal (NYSE:FSS) reported Q4 adjusted EPS of $0.74, surpassing the $0.66 estimate, and sales of $448.40M, exceeding the $428.58M estimate. This represents a 29.82% increase in earnings and a 14.53% increase in sales compared to the same period last year.
February 27, 2024 | 1:01 pm
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POSITIVE IMPACT
Federal Signal reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth.
Beating both earnings and sales estimates by a considerable margin, especially with double-digit growth compared to the previous year, is likely to instill investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100