ProFrac Holding Q4 Sales $489.10M Miss $594.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProFrac Holding (NASDAQ:ACDC) reported Q4 sales of $489.10M, missing the consensus estimate of $594.97M by 17.79%. This represents a 38.41% decrease from the same period last year.
March 13, 2024 | 10:07 am
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NEGATIVE IMPACT
ProFrac Holding reported Q4 sales of $489.10M, missing estimates by 17.79% and showing a 38.41% decrease YOY.
Missing the consensus sales estimate by a significant margin and reporting a substantial year-over-year decrease in sales are both negative indicators for investor sentiment and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100