A.O. Smith Q1 2024 Adj EPS $1.00 Beats $0.98 Estimate, Sales $978.800M Miss $995.973M Estimate
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith (AOS) reported Q1 2024 adjusted EPS of $1.00, surpassing the $0.98 estimate, but its sales of $978.8M fell short of the expected $995.973M. This represents a 1.28% increase in sales compared to the same period last year.
April 25, 2024 | 10:57 am
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A.O. Smith reported a Q1 2024 EPS of $1.00, beating estimates, but missed on sales forecasts with $978.8M against a $995.973M expectation.
While A.O. Smith exceeded EPS estimates, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock. The beat on EPS suggests operational efficiency, but the sales miss may raise concerns about demand or market competition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100