American Woodmark: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
American Woodmark (NASDAQ:AMWD) reported Q3 earnings with an EPS of $1.66, beating estimates by 29% but with a revenue decrease of $58.61M from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 15% share price increase the following day.
February 29, 2024 | 9:10 pm
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American Woodmark reported a significant beat on Q3 earnings estimates with an EPS of $1.66, outperforming by 29%, but saw a decrease in revenue compared to last year.
The significant beat on earnings estimates is likely to positively impact investor sentiment and potentially lead to a short-term increase in AMWD's stock price, similar to the past pattern observed after earnings beats. However, the decrease in revenue might temper some of the positive momentum.
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IMPORTANCE 90
RELEVANCE 100