AAON Q1 2024 GAAP EPS $0.46 Misses $0.48 Estimate, Sales $262.099M Miss $284.762M Estimate
Portfolio Pulse from Benzinga Newsdesk
AAON reported Q1 2024 earnings of $0.46 per share, missing the consensus estimate of $0.48, and sales of $262.099M, below the estimate of $284.762M. This represents a slight increase in earnings but a decrease in sales from the same period last year.
May 02, 2024 | 8:08 pm
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NEGATIVE IMPACT
AAON's Q1 2024 earnings and sales both missed analyst estimates, indicating potential short-term pressure on the stock.
Missing both earnings and sales estimates can lead to negative investor sentiment and short-term stock price pressure. The slight increase in earnings year-over-year may not be enough to offset the disappointment from missing estimates and the decrease in sales compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100