Northwest Pipe Q1 EPS $0.52 Beats $0.31 Estimate, Sales $113.22M Beat $103.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Pipe (NASDAQ:NWPX) reported Q1 earnings of $0.52 per share, surpassing the $0.31 estimate, a 126.09% increase from last year. Sales reached $113.22M, beating the $103.34M estimate, up 14.25% from the previous year.
May 02, 2024 | 3:55 am
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Northwest Pipe reported a significant beat on both earnings per share and sales for Q1, indicating strong financial performance and growth.
The substantial beat on both earnings per share and sales forecasts for Northwest Pipe suggests a strong financial performance and positive growth trajectory. This outperformance, especially being significantly higher than analyst expectations, is likely to instill investor confidence and could lead to a short-term uptick in NWPX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100