Ennis Q4 EPS $0.39, Inline, Sales $97.43M Miss $101.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ennis (NYSE:EBF) reported Q4 earnings of $0.39 per share, meeting analyst estimates, but missed sales forecasts with $97.43M versus the expected $101.40M. This represents a 30% increase in earnings per share over the previous year, despite a 5.12% decrease in sales.
April 22, 2024 | 10:31 am
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Ennis reported Q4 EPS of $0.39, aligning with estimates, but sales of $97.43M missed expectations by 3.91%, indicating a mixed financial performance.
Ennis's EPS meeting expectations shows operational efficiency and profitability, which is positive. However, the miss on sales forecasts could concern investors about growth prospects, leading to a neutral short-term impact on the stock as these factors balance each other out.
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