Astronics Q1 2024 Adj EPS $(0.09) Misses $(0.01) Estimate, Sales $185.10M Beat $173.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astronics (NASDAQ:ATRO) reported Q1 2024 adjusted EPS of $(0.09), missing the $(0.01) estimate by 800%, but sales of $185.10M exceeded the $173.27M estimate by 6.83%, marking an 18.25% increase from the previous year.
May 02, 2024 | 8:18 pm
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NEUTRAL IMPACT
Astronics reported a significant miss on EPS estimates but exceeded sales forecasts for Q1 2024, indicating mixed financial performance.
The significant miss on the EPS estimate could negatively impact investor sentiment, while the sales beat and year-over-year growth might offset some of the negative perceptions. The mixed results present a neutral short-term outlook as investors weigh the implications of the earnings miss against the sales beat.
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