Recap: Concrete Pumping Holdings Q1 Earnings
Portfolio Pulse from Benzinga Insights
Concrete Pumping Holdings (NASDAQ:BBCP) reported Q1 earnings with an EPS of $-0.08, missing estimates by -260.0% against an expected $0.05. Revenue increased by $4.14 million from the previous year. Despite missing last quarter's EPS estimate, the share price increased by 0.0% the following day. Historical earnings data shows fluctuating performance in EPS and revenue over the past four quarters.
March 07, 2024 | 9:45 pm
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Concrete Pumping Holdings reported a significant miss in Q1 earnings with an EPS of -$0.08 against an expected $0.05, but saw a revenue increase of $4.14 million from the previous year.
The significant miss in EPS expectations is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have not significantly affected the share price the next day, but the magnitude of this miss (-260%) could lead to a different outcome.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100