Cactus Q4 Adj EPS $0.81 Beats $0.69 Estimate, Sales $274.87M Beat $270.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cactus (NYSE:WHD) reported Q4 adjusted EPS of $0.81, surpassing the $0.69 estimate, and sales of $274.87M, exceeding the $270.06M estimate. This represents a 42.11% increase in earnings and a 46.38% increase in sales from the same period last year.
February 28, 2024 | 10:31 pm
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Cactus reported a significant beat on both earnings and sales estimates for Q4, with adjusted EPS at $0.81 and sales of $274.87M.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in both earnings and sales further strengthens the case for a positive impact on WHD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100