Powell Industries Q2 2024 GAAP EPS $2.75 Beats $1.77 Estimate, Sales $255.108M Beat $201.447M Estimate
Portfolio Pulse from Benzinga Newsdesk
Powell Industries (NASDAQ:POWL) reported Q2 2024 earnings of $2.75 per share, surpassing the $1.77 estimate by 55.37%, and a 292.86% increase from last year's $0.70. Sales reached $255.108M, beating the $201.447M estimate by 26.64%, and marking a 48.80% increase from the previous year.
April 30, 2024 | 9:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Powell Industries reported a significant beat on both earnings and sales estimates for Q2 2024, with EPS at $2.75 against a $1.77 estimate and sales of $255.108M against a $201.447M estimate.
The substantial beat on both earnings per share and sales estimates for Powell Industries in Q2 2024 indicates strong company performance and operational efficiency. This outperformance, especially with a 292.86% increase in EPS year-over-year and a 48.80% increase in sales, is likely to positively influence investor sentiment and could lead to a short-term uptick in the stock price. The significant exceedance of analyst expectations usually results in positive market reactions.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100