CORRECTION: REX American Resources Q4 GAAP EPS $1.16 Beats $0.68 Estimate, Sales $187.61M Miss $190.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources (NYSE:REX) reported Q4 GAAP EPS of $1.16, surpassing the $0.68 estimate, marking a 146.81% increase from last year. However, sales of $187.61M fell short of the $190.26M estimate, a 6.27% decrease from the previous year.
March 28, 2024 | 10:09 am
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REX American Resources reported a significant beat on Q4 EPS estimates but missed on sales forecasts.
The substantial beat on EPS estimates, showing a 146.81% increase from the previous year, is likely to positively impact investor sentiment and potentially drive the stock price up in the short term. However, the miss on sales forecasts, with a 6.27% decrease from the previous year, could temper some of the positive momentum. Overall, the strong earnings performance is expected to have a more significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100