Recap: Babcock & Wilcox Q4 Earnings
Portfolio Pulse from Benzinga Insights
Babcock & Wilcox (NYSE:BW) reported Q4 earnings with an EPS of $-0.22, missing estimates by -633.0% and a revenue decrease of $22.7 million from the previous year. The company's share price dropped 55% the day after last quarter's earnings miss.
March 14, 2024 | 8:45 pm
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NEGATIVE IMPACT
Babcock & Wilcox reported a significant miss in Q4 earnings with an EPS of $-0.22, far below the estimated $-0.03, and a year-over-year revenue decrease.
The significant miss in both EPS and revenue, combined with the historical context of a 55% share price drop following last quarter's earnings miss, suggests a likely negative short-term impact on BW's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100