Bristow Group Q4 2023 Adj EPS $(0.070) Misses $0.540 Estimate, Sales $337.934M Beat $329.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bristow Group (NYSE:VTOL) reported Q4 2023 adjusted EPS of $(0.070), missing the $0.540 estimate, but sales of $337.934M exceeded the $329.200M estimate, marking a 17.58% increase from the previous year.

March 05, 2024 | 10:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bristow Group reported a significant miss on adjusted EPS but exceeded sales estimates for Q4 2023, with a notable year-over-year sales increase.
The miss on the EPS estimate is significant and typically would be a negative signal for investors, potentially leading to a short-term decrease in stock price. However, the beat on sales estimates and the substantial year-over-year sales growth could offset the negative impact of the EPS miss, leading to a neutral short-term impact on VTOL's stock price. The mixed results present a complex picture, where the positive sales performance may reassure some investors about the company's revenue growth, despite the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100