John Bean Techs Q1 2024 Adj EPS $0.85 Beats $0.84 Estimate, Sales $392.300M Miss $396.430M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Bean Technologies (JBT) reported Q1 2024 adjusted EPS of $0.85, surpassing the $0.84 estimate, marking a 39.34% increase from last year. However, sales of $392.3M fell short of the $396.43M estimate, a slight 0.98% increase from the previous year.
May 01, 2024 | 10:28 pm
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JBT's Q1 2024 earnings beat estimates with an adjusted EPS of $0.85, a 39.34% YOY increase, but sales missed estimates at $392.3M, a modest 0.98% YOY growth.
The positive earnings beat by JBT is likely to be viewed favorably by investors, indicating strong profitability. However, the slight miss in sales forecasts could temper enthusiasm, suggesting potential challenges in revenue growth. The mixed results present a neutral short-term outlook for JBT's stock price, as the earnings beat may offset concerns over the sales miss.
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