Azul Q4 Adj $(0.47) Misses $0.14 Estimate, Sales $1.01B Beat $985.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Azul (NYSE:AZUL) reported Q4 adjusted losses of $(0.47) per share, missing the analyst consensus estimate of $0.14. However, their quarterly sales of $1.01 billion exceeded the estimate of $985.30 million. This represents a 53% decrease in losses and a 19.79% increase in sales compared to the same period last year.
March 28, 2024 | 1:33 pm
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NEUTRAL IMPACT
Azul reported a significant miss on Q4 adjusted EPS but exceeded sales estimates, showing mixed financial performance.
The miss on the EPS estimate is significant and typically would be a negative signal for investors, potentially leading to a short-term decrease in stock price. However, the beat on sales estimates and the improvement in both losses and sales compared to the previous year could offset the negative impact. Therefore, the overall short-term impact on AZUL's stock price is assessed as neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100