CompoSecure Q1 2024 Adj EPS $0.25, Inline, Sales $104.010M Beat $98.924M Estimate
Portfolio Pulse from Benzinga Newsdesk
CompoSecure (NASDAQ:CMPO) reported Q1 2024 earnings of $0.25 per share, meeting consensus estimates and marking an 8.7% increase from the previous year. Sales reached $104.010M, exceeding estimates by 5.14% and showing a 9.12% increase year-over-year.

May 06, 2024 | 8:15 pm
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POSITIVE IMPACT
CompoSecure reported a solid Q1 2024 with earnings per share of $0.25 and sales of $104.010M, surpassing revenue estimates and showing significant year-over-year growth.
CompoSecure's performance in Q1 2024, with both earnings per share and sales exceeding expectations and showing year-over-year growth, indicates a positive trajectory for the company. This performance, especially the sales beat and the earnings meeting estimates, suggests a strong operational efficiency and market demand for their offerings. The positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in CMPO's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100