Perma-Fix Envirn Servs Q4 EPS $0.01 Misses $0.03 Estimate, Sales $22.72M Beat $22.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perma-Fix Environmental Services (PESI) reported Q4 earnings of $0.01 per share, missing the consensus estimate of $0.03 by 66.67%. However, their quarterly sales of $22.72M exceeded the estimate of $22.30M by 1.88%, marking a 35.58% increase from the previous year.
March 13, 2024 | 12:11 pm
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Perma-Fix Environmental Services reported lower-than-expected Q4 EPS but exceeded revenue estimates, showing significant sales growth from the previous year.
While PESI missed EPS estimates, indicating potential concerns about profitability, the significant beat on revenue forecasts and substantial year-over-year sales growth could offset investor concerns and suggest a positive outlook on the company's growth trajectory. The mixed results present a neutral short-term impact as the positive sales performance may balance out the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100