Recap: Custom Truck One Source Q4 Earnings
Portfolio Pulse from Benzinga Insights
Custom Truck One Source (NYSE:CTOS) reported Q4 earnings with an EPS of $0.07, missing estimates by -36.0% against an expected $0.11. Revenue increased by $35.03 million from the previous year. Historically, a miss in EPS last quarter led to an 18.0% drop in share price the following day.
March 07, 2024 | 9:55 pm
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Custom Truck One Source reported a significant miss in Q4 earnings with an EPS of $0.07 against the expected $0.11, although revenue increased from the previous year.
Given the historical context where a previous earnings miss resulted in an 18.0% drop in share price the next day, it's likely that this significant miss in earnings expectations could lead to a short-term negative impact on CTOS's stock price. The increase in revenue might mitigate some negative sentiment, but the missed EPS is a critical factor for short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100