Artesian Resources Q4 EPS $0.34 Beats $0.31 Estimate, Sales $24.55M Miss $26.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources (NASDAQ:ARTNA) reported Q4 earnings of $0.34 per share, surpassing the $0.31 estimate, marking a 41.67% increase from last year. However, their sales of $24.55M fell short of the $26.00M estimate, a 2.28% decrease from the previous year.
March 13, 2024 | 8:54 pm
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NEUTRAL IMPACT
Artesian Resources reported higher-than-expected Q4 earnings but missed revenue estimates, with a slight decrease in sales compared to last year.
While the earnings beat might positively impact investor sentiment, the miss on revenue estimates and the slight year-over-year decrease in sales could temper any potential stock price gains. The mixed results present a neutral outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100