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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100