Recap: MISTRAS Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
MISTRAS Group (NYSE:MG) reported Q4 earnings with an EPS of $0.1, missing estimates by -33.0% against an expected $0.15. Revenue increased by $13.86 million from the previous year. In Q3 2023, the company exceeded EPS estimates, leading to a 12.0% share price increase the following day. Historical earnings data shows mixed performance in EPS and revenues against estimates.
March 06, 2024 | 9:05 pm
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MISTRAS Group reported a significant miss in Q4 earnings with an EPS of $0.1 against an estimate of $0.15, but saw an increase in revenue by $13.86 million from the previous year.
The significant miss in estimated earnings (-33.0%) is likely to negatively impact investor sentiment and the stock price in the short term, especially considering the historical context where a positive earnings surprise in the previous quarter led to a 12.0% increase in share price. The increase in revenue may provide some buffer, but the missed earnings expectation is a critical factor.
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