ADT Q4 Adj EPS $0.25 Beats $0.04 Estimate, Sales $1.22B Miss $1.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
ADT reported Q4 adjusted EPS of $0.25, surpassing the $0.04 estimate, marking a 525% beat and a 150% increase from last year's $0.10. However, their sales of $1.22B fell short of the $1.44B estimate, a 15.14% miss and a 25.71% decrease from last year's $1.65B.
February 28, 2024 | 11:56 am
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ADT's Q4 earnings significantly exceeded expectations with an EPS of $0.25, a 525% beat, and a 150% increase from the previous year. However, sales missed estimates by 15.14%, showing a 25.71% year-over-year decrease.
The significant beat on EPS is likely to positively impact investor sentiment and ADT's stock price in the short term, despite the miss on sales. The strong earnings performance indicates operational efficiency and profitability, which are key drivers of stock price. However, the sales miss could temper some of the positive momentum, as it may raise concerns about growth prospects.
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