Constellium Q1 EPS $0.12 Misses $0.27 Estimate, Sales $1.8B Beat $1.7B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellium (NYSE:CSTM) reported Q1 earnings of $0.12 per share, missing the $0.27 estimate, and sales of $1.8B, beating the $1.7B estimate. Earnings per share decreased by 20% and sales by 10.48% compared to the same period last year.
April 24, 2024 | 10:12 am
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NEGATIVE IMPACT
Constellium reported lower-than-expected Q1 EPS at $0.12, missing estimates by 55.56%, but exceeded sales forecasts with $1.8B. EPS and sales saw a year-over-year decline.
The miss in EPS expectations by a significant margin (55.56%) and the year-over-year decline in both EPS and sales, despite beating sales estimates, suggest a negative short-term impact on CSTM's stock price. The financial performance indicates underlying challenges that may concern investors, leading to potential bearish sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100