SunOpta Q4 2023 Adj EPS $0.05 Beats $0.02 Estimate, Sales $181.62M Beat $170.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
SunOpta (NASDAQ:STKL) reported Q4 2023 adjusted EPS of $0.05, surpassing the $0.02 estimate, with sales of $181.62M exceeding the $170.79M forecast. This represents a 17.93% decrease in sales compared to the same period last year.
February 28, 2024 | 10:03 pm
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SunOpta reported a significant beat on both EPS and sales estimates for Q4 2023, with adjusted EPS at $0.05 against a $0.02 estimate and sales of $181.62M against a $170.79M estimate, despite a year-over-year sales decrease.
Beating both EPS and sales estimates significantly, especially by 150% for EPS, is a strong positive signal for investors, indicating better-than-expected financial health and operational efficiency. However, the year-over-year decrease in sales might temper some of the positive sentiment, but the beat on estimates is likely to have a more immediate positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100