Park-Ohio Hldgs Q4 2023 Adj EPS $0.540 Misses $0.560 Estimate, Sales $389.300M Beat $386.450M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park-Ohio Holdings (PKOH) reported Q4 2023 adjusted EPS of $0.540, missing the $0.560 estimate, but sales of $389.3M exceeded the $386.45M estimate. This represents a 700% increase in EPS from the previous year and a 2.02% increase in sales.
March 05, 2024 | 9:37 pm
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NEUTRAL IMPACT
Park-Ohio Holdings reported a mixed Q4 2023 with an EPS miss but a sales beat, showing significant improvement from the previous year.
The EPS miss might concern some investors, potentially putting downward pressure on the stock. However, the sales beat and significant year-over-year growth could offset concerns, suggesting a neutral short-term impact.
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