North American Q4 EPS $0.64 Misses $0.74 Estimate, Sales $239.75M Miss $249.73M Estimate
Portfolio Pulse from mahesh@benzinga.com
North American (NYSE:NOA) reported Q4 earnings of $0.64 per share, missing the consensus estimate of $0.74, a 13.51% miss and a 21.95% decrease from last year's $0.82. Sales were $239.75M, missing the $249.73M estimate by 4.00%, but marking a 37.96% increase from last year's $173.78M.
March 13, 2024 | 9:13 pm
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NEGATIVE IMPACT
North American's Q4 earnings and sales missed estimates, with earnings per share down 21.95% YOY and sales missing by 4.00% but up 37.96% from last year.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, especially when coupled with a significant year-over-year decrease in earnings per share. However, the substantial increase in sales year-over-year may provide some buffer against negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100