Recap: Astronics Q4 Earnings
Portfolio Pulse from Benzinga Insights
Astronics (NASDAQ:ATRO) reported Q4 earnings with an EPS of $0.2, missing estimates by -9.0% and showing a revenue increase of $37.14 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably last quarter's miss leading to a 13.0% share price drop the next day.
February 28, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Astronics reported a Q4 EPS of $0.2, missing estimates by -9.0%, with a significant year-over-year revenue increase. Historical data shows previous misses have negatively impacted share price.
Given Astronics' history of share price drops following earnings misses, the Q4 miss may likely lead to a short-term negative impact on its stock price. The consistent pattern of not meeting EPS estimates, including a significant miss in the previous quarter that resulted in a 13.0% share price drop, supports this analysis. However, the increase in revenue might mitigate some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100