Clearwater Paper Q1 2024 Adj EPS $1.43 Beats $1.11 Estimate, Sales $496.200M Miss $508.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clearwater Paper (NYSE:CLW) reported Q1 2024 adjusted EPS of $1.43, surpassing the $1.11 estimate, but its sales of $496.2M fell short of the expected $508M, marking a 5.56% decrease from the previous year.
April 29, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Clearwater Paper beats Q1 2024 EPS estimates but misses on sales, with a year-over-year decrease.
While the EPS beat could be seen as a positive signal of operational efficiency or cost management, the miss on sales and the year-over-year decrease could raise concerns about revenue growth and market demand. The mixed results present a neutral outlook, as the positive earnings surprise may offset concerns about sales performance in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100