Commercial Vehicle Group Q4 Adj EPS $0.09 Misses $0.14 Estimate, Sales $223.10M Miss $226.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (CVGI) reported Q4 adjusted EPS of $0.09, missing the $0.14 estimate, and sales of $223.10M, missing the $226.24M estimate. This represents a 125% increase in earnings from the same period last year but a 5.03% decrease in sales.
March 04, 2024 | 10:02 pm
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NEGATIVE IMPACT
CVGI missed Q4 earnings and sales estimates with adjusted EPS of $0.09 and sales of $223.10M, indicating a potential short-term negative impact on its stock price.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year earnings growth could mitigate some negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100