Northwest Natural Hldg Q1 2024 GAAP EPS $1.69 Misses $2.02 Estimate, Sales $433.470M Miss $466.749M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Natural Holding (NWN) reported Q1 2024 earnings of $1.69 per share, missing the consensus estimate of $2.02 by 16.34%. Quarterly sales were $433.470 million, below the estimate of $466.749 million by 7.13%, marking a 6.26% decrease from the previous year.
May 06, 2024 | 10:02 am
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NEGATIVE IMPACT
Northwest Natural Holding missed Q1 2024 earnings and sales estimates, with a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100