Shyft Group Q1 2024 Adj EPS $(0.04) Beats $(0.17) Estimate, Sales $197.889M Beat $184.275M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shyft Group reported Q1 2024 adjusted EPS of $(0.04), surpassing the $(0.17) estimate, with sales of $197.889M exceeding the $184.275M forecast. This represents a 133.33% decrease in earnings and an 18.71% decrease in sales from the same period last year.
April 25, 2024 | 11:32 am
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Shyft Group exceeded Q1 2024 earnings and sales estimates, with adjusted EPS of $(0.04) and sales of $197.889M, outperforming expectations.
Beating both earnings and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the significant year-over-year decrease in earnings and sales might temper the positive impact, suggesting a cautious optimism.
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