Arcosa Q1 Adj $0.73 Beats $0.52 Estimate, Sales $598.60M Beat $580.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcosa (NYSE:ACA) exceeded Q1 earnings and sales forecasts with earnings of $0.73 per share against a $0.52 estimate and sales of $598.60M against a $580.06M estimate. This represents a 31.13% decrease in earnings per share but an 8.99% increase in sales compared to the same period last year.
May 02, 2024 | 8:17 pm
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Arcosa reported a significant beat on both earnings and sales estimates for Q1, with a notable year-over-year sales increase.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial beat on both fronts, coupled with a year-over-year sales increase, suggests strong operational performance and could lead to increased investor confidence in ACA.
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IMPORTANCE 90
RELEVANCE 100