North American Q1 Adj EPS $0.58 Misses $0.64 Estimate, Sales $220.37M Miss $251.05M Estimate
Portfolio Pulse from mahesh@benzinga.com
North American (NYSE:NOA) reported Q1 adjusted EPS of $0.58, missing the $0.64 estimate, and sales of $220.37M, below the $251.05M estimate. This represents an 18.31% decrease in EPS and a 22.80% increase in sales year-over-year.
May 01, 2024 | 10:38 pm
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North American's Q1 earnings and sales missed estimates, with an 18.31% decrease in EPS and a 22.80% increase in sales YoY.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss in both key financial metrics, despite the year-over-year sales increase, indicates underperformance against market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100