Recap: North American Q4 Earnings
Portfolio Pulse from Benzinga Insights
North American (NYSE:NOA) reported Q4 earnings with an EPS of $0.64, missing estimates by 14%, but showed a revenue increase of $65.96 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, which previously led to a 1% drop in share price.
March 13, 2024 | 9:15 pm
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North American's Q4 earnings missed estimates with an EPS of $0.64, a 14% miss, but revenue increased by $65.96 million from last year.
Historically, North American's stock price dropped by 1% following a missed EPS estimate last quarter. Given the company's latest earnings miss, a similar short-term negative impact on the stock price could be anticipated, despite the increase in revenue.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100