SP Plus Q4 2023 Adj EPS $0.60 Misses $0.85 Estimate, Sales $217.20M Miss $228.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
SP Plus (NASDAQ:SP) reported Q4 2023 adjusted EPS of $0.60, missing the $0.85 estimate, and sales of $217.20M, below the $228.00M estimate. This represents a 5.23% increase in sales compared to the same period last year.
February 27, 2024 | 10:50 pm
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SP Plus reported lower-than-expected Q4 2023 earnings and sales, missing analyst estimates. Adjusted EPS was $0.60, against an $0.85 estimate, and sales were $217.20M, below the $228.00M forecast.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported increase in sales year-over-year may slightly mitigate the impact, but the miss on key financial metrics is likely to dominate investor reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100