REX American Resources Q4 EPS $1.17 Beats $0.68 Estimate, Sales $187.61M Miss $190.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources (NYSE:REX) reported Q4 earnings of $1.17 per share, surpassing the $0.68 estimate, a 148.94% increase from last year. However, sales of $187.61M fell short of the $190.26M estimate, marking a 6.27% decrease from the previous year.

March 28, 2024 | 10:04 am
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REX American Resources reported a significant beat on EPS estimates but missed on sales for Q4, indicating mixed financial performance.
The substantial beat on EPS estimates for REX American Resources suggests strong profitability, which could positively influence investor sentiment. However, the miss on sales estimates and the year-over-year decrease in sales could raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the EPS beat. Given these mixed signals, the short-term impact on REX's stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100