Newpark Resources Q1 2024 Adj EPS $0.10 Beats $0.06 Estimate, Sales $169.107M Miss $170.793M Estimate
Portfolio Pulse from Benzinga Newsdesk
Newpark Resources (NYSE:NR) reported Q1 2024 adjusted EPS of $0.10, surpassing the $0.06 estimate, but its sales of $169.107M fell short of the $170.793M forecast. This represents a 11.11% increase in EPS and a 15.46% decrease in sales year-over-year.
May 02, 2024 | 8:36 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Newpark Resources reported a higher-than-expected Q1 2024 EPS of $0.10 but missed sales estimates with $169.107M against a forecast of $170.793M.
The positive earnings surprise could provide short-term support to NR's stock price due to the beat on EPS estimates, signaling operational efficiency. However, the miss on sales forecasts could temper gains, as it may raise concerns about revenue growth and market demand. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100