American Vanguard Q4 EPS $0.25 Misses $0.27 Estimate, Sales $172.18M Miss $172.90M Estimate
Portfolio Pulse from Happy Mohamed
American Vanguard (NYSE:AVD) reported Q4 earnings of $0.25 per share, missing the consensus estimate of $0.27. Sales were $172.18M, slightly below the estimate of $172.90M. Despite the misses, both earnings and sales showed significant increases from the previous year.
March 14, 2024 | 8:30 pm
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NEUTRAL IMPACT
American Vanguard reported Q4 earnings and sales that missed estimates, but showed significant year-over-year growth.
Although AVD missed the consensus estimates for both earnings per share and sales, the year-over-year growth in these metrics (78.57% increase in earnings and 7.63% increase in sales) could mitigate negative investor sentiment. The misses were relatively narrow, suggesting that the company's overall performance remains strong. However, the immediate market reaction to earnings misses can be unpredictable, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100