Southwest Gas Hldgs Q4 Sales $702.22M Miss $1.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southwest Gas Holdings (SWX) reported Q4 sales of $702.22M, missing the analyst consensus estimate of $1.29B by 45.56%. This represents a 21.78% increase over the same period last year.
February 28, 2024 | 1:13 pm
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NEGATIVE IMPACT
Southwest Gas Holdings reported Q4 sales significantly below analyst expectations but showed a year-over-year increase.
Missing the analyst consensus estimate by a significant margin (45.56%) is likely to negatively impact investor sentiment and stock price in the short term. However, the year-over-year sales increase indicates some underlying business strength.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100