Custom Truck One Source Q4 2023 GAAP EPS $0.070 Misses $0.110 Estimate, Sales $521.754M Beat $468.735M Estimate
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (CTOS) reported Q4 2023 earnings of $0.070 per share, missing the $0.110 estimate by 36.36%, and a 46.15% decrease from last year. Sales were $521.754M, beating the $468.735M estimate by 11.31%, a 7.20% increase from last year.
March 07, 2024 | 9:54 pm
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Custom Truck One Source reported lower-than-expected Q4 2023 earnings but surpassed sales estimates.
While CTOS missed the earnings estimate, which could negatively impact investor sentiment, the significant beat on sales estimates and year-over-year sales growth may offset negative perceptions. The mixed results present a neutral short-term outlook as the sales beat could support the stock price, balancing the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100