Recap: Profire Energy Q4 Earnings
Portfolio Pulse from Benzinga Insights
Profire Energy (NASDAQ:PFIE) reported Q4 earnings, beating estimates with an EPS of $0.07 against an expected $0.04, a 75% beat. Revenue increased by $400 thousand year-over-year. Despite missing EPS estimates last quarter, PFIE's share price increased by 3% the following day. The company has shown consistent revenue growth over the past four quarters.
March 13, 2024 | 8:45 pm
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Profire Energy reported a significant beat on Q4 earnings estimates with an EPS of $0.07, surpassing the expected $0.04, and showed a year-over-year revenue increase of $400 thousand.
The substantial beat on earnings estimates and the year-over-year revenue growth indicate a strong financial performance by Profire Energy. Historically, such positive earnings reports have led to an increase in share price, as evidenced by the 3% increase following the last quarter's earnings miss. The consistent revenue growth over the past quarters further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100