Recap: Artesian Resources Q4 Earnings
Portfolio Pulse from Benzinga Insights
Artesian Resources (NASDAQ:ARTNA) reported Q4 earnings, beating estimates with an EPS of $0.34 against the expected $0.31, but saw a revenue decrease of $572 thousand from the previous year. This follows a pattern from the last quarter where a miss in EPS led to a 1.0% share price drop the next day.
March 13, 2024 | 9:55 pm
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Artesian Resources reported higher than expected Q4 earnings with an EPS of $0.34, surpassing estimates by 10%, but experienced a revenue decline from the previous year.
The positive earnings surprise of 10% for Artesian Resources could lead to a short-term positive impact on its stock price, as beating earnings estimates often does. However, the revenue decline might temper gains. Historical context from the previous quarter shows a sensitivity in share price to earnings performance, suggesting a potential positive reaction to the earnings beat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100