CF Industries Holdings Q1 EPS $1.03 May Not Compare To $1.52 Estimate, Sales $1.47B Beat $1.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
CF Industries Holdings (NYSE:CF) reported Q1 earnings of $1.03 per share, missing the consensus estimate of $1.52, a 63.86% decrease from last year's $2.85. Sales were $1.47B, slightly above the $1.46B estimate but 26.94% lower than the previous year's $2.01B.
May 01, 2024 | 9:04 pm
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NEGATIVE IMPACT
CF Industries reported lower than expected Q1 earnings per share at $1.03, missing estimates by 32.24%, with a significant year-over-year decrease. However, sales slightly exceeded expectations.
The miss on earnings per share expectations and the significant decrease compared to last year's performance are likely to negatively impact investor sentiment in the short term. However, the slight beat on sales estimates may provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100