Custom Truck One Source Q1 2024 GAAP EPS $(0.06) Misses $(0.01) Estimate, Sales $411.307M Miss $455.934M Estimate
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (NYSE:CTOS) reported Q1 2024 GAAP EPS of $(0.06), missing estimates by 500% and marking a 200% decrease from the previous year. Sales were $411.307M, missing estimates by 9.79% and down 9.04% from the previous year.

May 02, 2024 | 8:20 pm
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NEGATIVE IMPACT
Custom Truck One Source reported a significant miss in both EPS and sales for Q1 2024, indicating a challenging quarter.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a year-over-year decline in both metrics, suggests a negative short-term impact on CTOS's stock price. The magnitude of the miss and the comparison to last year's performance indicate underlying challenges that could affect investor confidence and stock valuation in the near term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100