Redwire Q4 2023 GAAP EPS $(0.25) Misses $(0.13) Estimate, Sales $63.485M Beat $59.720M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redwire (NYSE:RDW) reported Q4 2023 earnings with a GAAP EPS of $(0.25), missing the $(0.13) estimate by 92.31%, but saw a 41.86% improvement from last year. Sales reached $63.485M, exceeding the $59.720M estimate by 6.31% and marking an 18.21% increase from the previous year.
March 14, 2024 | 9:25 pm
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NEUTRAL IMPACT
Redwire reported a Q4 2023 GAAP EPS of $(0.25), missing estimates, but sales of $63.485M exceeded expectations and grew 18.21% YOY.
The missed EPS estimate by Redwire indicates potential concerns about profitability, which could negatively impact investor sentiment. However, the significant sales beat and year-over-year growth suggest strong demand for Redwire's offerings, potentially offsetting the negative impact of the EPS miss. The mixed financial results lead to a neutral short-term price direction, as positive sales performance may balance out concerns over missed EPS expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100