Acme United: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Acme United (AMEX:ACU) reported Q4 earnings with a -27.0% miss on estimated EPS, recording $0.4 versus the expected $0.55. Revenue also decreased by $2.16 million compared to the same period last year. Despite missing EPS estimates last quarter, ACU's share price increased by 3.0% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.
March 01, 2024 | 2:10 pm
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Acme United reported a significant miss in Q4 earnings with a -27.0% deviation from the estimated EPS and a decrease in revenue compared to last year.
The significant miss in both EPS and revenue for Acme United in Q4 is likely to negatively impact investor sentiment in the short term. Historically, earnings misses can lead to a decrease in stock price. However, the company's stock showed resilience after the last earnings miss, indicating that while there may be a negative impact, it might not be as severe as expected.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100