NorthWestern Q1 2024 Adj EPS $1.09 Misses $1.13 Estimate, Sales $475.300M Beat $471.601M Estimate
Portfolio Pulse from Benzinga Newsdesk
NorthWestern (NASDAQ:NWE) reported Q1 2024 earnings of $1.09 per share, missing the $1.13 estimate, but sales of $475.3M exceeded the $471.601M forecast. This represents a 3.81% increase in earnings and a 4.58% increase in sales from the same period last year.
April 26, 2024 | 6:31 am
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NorthWestern reported Q1 2024 earnings of $1.09 per share, missing estimates, but sales of $475.3M exceeded expectations, indicating a mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, while the beat on sales might offset some of the negative impact. The overall financial growth compared to the previous year suggests a positive trend, but the missed EPS estimate could lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100