Barrett Bus Servs Q4 2023 GAAP EPS $2.16 Beats $1.89 Estimate, Sales $276.68M Miss $281.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barrett Bus Servs (BBSI) reported Q4 2023 earnings of $2.16 per share, surpassing the $1.89 estimate, but missed sales estimates with $276.68M against the expected $281.20M. This represents a 1.74% increase in sales compared to the same period last year.
February 28, 2024 | 9:18 pm
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NEUTRAL IMPACT
BBSI reported higher than expected Q4 earnings per share but missed on sales estimates, showing a slight increase in sales compared to last year.
While BBSI's earnings per share exceeded expectations, the miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The increase in sales compared to last year indicates growth, but the miss on expectations may lead to mixed reactions in the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100