Redwire: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Redwire (NYSE:RDW) reported Q4 earnings with an EPS of $-0.25, missing estimates by -108.0% against an expected $-0.12. Revenue increased by $9.78 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, with a notable 7% drop in share price following last quarter's earnings miss.
March 14, 2024 | 9:25 pm
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Redwire reported a significant miss in Q4 earnings with an EPS of $-0.25 against an estimate of $-0.12, alongside a revenue increase from the previous year.
The significant miss in EPS estimates for Q4, combined with the historical context of share price dropping after previous earnings misses, suggests a likely negative short-term impact on RDW's stock price. The revenue increase may provide some buffer, but the magnitude of the earnings miss is likely to weigh more heavily on investor sentiment.
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IMPORTANCE 90
RELEVANCE 100