Cactus Q1 2024 Adj EPS $0.75 Beats $0.70 Estimate, Sales $274.123M Beat $270.651M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cactus (NYSE:WHD) reported Q1 2024 earnings of $0.75 per share, surpassing the $0.70 estimate, marking a 17.19% increase from last year. Sales reached $274.123M, exceeding the $270.651M forecast and showing a 20.02% increase from the previous year.
May 01, 2024 | 9:39 pm
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POSITIVE IMPACT
Cactus reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and growth.
Cactus's Q1 2024 performance exceeded analyst expectations in both earnings per share and sales, showcasing a significant year-over-year growth. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in WHD's stock price. The surpassing of estimates by a notable margin, coupled with a year-over-year growth in earnings and sales, suggests a strong operational and financial position, which is critical for investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100