MISTRAS Group Q1 2024 Adj EPS $0.07 Beats $0.04 Estimate, Sales $184.442M Beat $174.931M Estimate
Portfolio Pulse from Benzinga Newsdesk
MISTRAS Group (NYSE:MG) reported Q1 2024 earnings of $0.07 per share, surpassing the $0.04 estimate, a 158.33% increase from last year's losses. Sales reached $184.442M, beating the $174.931M estimate, up 9.78% from the previous year.
May 01, 2024 | 8:12 pm
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POSITIVE IMPACT
MISTRAS Group reported a significant beat on both earnings and sales estimates for Q1 2024, with EPS at $0.07 and sales at $184.442M.
The substantial beat on both earnings per share and sales estimates for Q1 2024 indicates a strong financial performance and operational efficiency. This outperformance, especially the significant increase from last year's losses, is likely to instill investor confidence and could lead to a positive short-term impact on MG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100