L.B. Foster Q4 EPS $(0.04) Misses $0.01 Estimate, Sales $134.88M Beat $129.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster (NASDAQ:FSTR) reported a Q4 EPS of $(0.04), missing the $0.01 estimate, marking a 121.05% decrease from last year's $0.19 EPS. However, their sales of $134.88M exceeded the $129.35M estimate, despite being a 1.67% decrease from the previous year.
March 05, 2024 | 1:03 pm
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L.B. Foster reported a significant miss in Q4 EPS at $(0.04) against an estimated $0.01, and a 121.05% decrease from the previous year, but exceeded sales estimates with $134.88M.
The significant miss in EPS and the sharp decrease from the previous year's earnings are likely to negatively impact investor sentiment towards FSTR in the short term. Although the sales beat might offer some support, the negative earnings surprise is expected to weigh more heavily on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100