Compass Diversified Hldgs Q4 2023 Adj EPS $0.53 Beats $0.39 Estimate, Sales $566.99M Miss $576.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Holdings (CODI) reported Q4 2023 adjusted EPS of $0.53, surpassing the $0.39 estimate, but its sales of $566.99M fell short of the $576.55M forecast. This represents a 7.04% increase in sales compared to the same period last year.
February 28, 2024 | 10:00 pm
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POSITIVE IMPACT
Compass Diversified Holdings reported a strong Q4 2023 adjusted EPS of $0.53, beating estimates, but missed on sales forecasts with $566.99M.
The positive earnings surprise, with EPS significantly beating estimates by 35.9%, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in CODI's stock price. However, the slight miss on sales forecasts could temper some of the positive momentum. The overall impact is considered positive due to the substantial earnings beat.
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