Capital Product Partners Q1 2024 Adj EPS $0.32 Misses $0.36 Estimate, Sales $104.500M Miss $105.525M Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners (CPLP) reported Q1 2024 adjusted EPS of $0.32, missing the $0.36 estimate, and sales of $104.5M, below the $105.525M estimate. This represents a 28.99% increase in sales compared to the same period last year.
April 30, 2024 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Capital Product Partners missed Q1 2024 earnings and sales estimates but showed significant sales growth YoY.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year sales growth may mitigate some negative impacts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100