Recap: inTest Q4 Earnings
Portfolio Pulse from Benzinga Insights
inTest (AMEX:INTT) reported Q4 earnings with an EPS of $0.16, beating the estimate of $0.13 by 23.0%. However, revenue decreased by $4.52 million compared to the same period last year. Despite beating EPS estimates in previous quarters, such performance was followed by a 4.0% drop in share price the next day. The company's past earnings performance shows a consistent beat on EPS estimates but varying revenue figures.
March 27, 2024 | 9:50 pm
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inTest reported a Q4 EPS of $0.16, beating estimates by 23%, but saw a revenue decrease of $4.52M from the previous year. Historically, beating EPS estimates has been followed by a share price drop.
While INTT's EPS beat might initially seem positive, the historical context of share price dropping following earnings beats, combined with a significant revenue decrease, suggests a neutral short-term impact. The company's ability to surpass EPS estimates consistently is positive, but the revenue decline and past market reactions temper expectations for a positive stock movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100