DXP Enterprises: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
DXP Enterprises (NASDAQ:DXPE) reported Q4 earnings with an EPS of $1.12, significantly beating the estimated -$0.15, marking an 847% beat. Revenue increased by $749 thousand year-over-year. This follows a previous quarter where the company missed EPS estimates, resulting in a 7% share price drop the next day. Historical earnings performance shows mixed results over the past quarters.
March 07, 2024 | 2:50 pm
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DXP Enterprises reported a significant beat on Q4 earnings with an EPS of $1.12 against an estimate of -$0.15, and a year-over-year revenue increase.
The substantial beat on both earnings and revenue expectations for Q4 is likely to instill confidence among investors, potentially leading to a positive short-term impact on DXPE's stock price. Historical context shows that past earnings performance has influenced stock price movements, as seen in the 7% drop following a missed EPS estimate last quarter. Given the magnitude of the beat this quarter, a positive reaction could be anticipated.
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