InTest Sees Q2 2024 Adj. EPS $0.10-$0.16 Vs $0.20 Est.; Revenue $34M-$36M Vs $33.750M Est.
Portfolio Pulse from Benzinga Newsdesk
InTest Corporation projects its Q2 2024 adjusted EPS to be between $0.10 and $0.16, below the estimated $0.20. Revenue is expected to be between $34M and $36M, slightly above the $33.750M estimate.

May 06, 2024 | 8:53 pm
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InTest Corporation anticipates a lower adjusted EPS of $0.10-$0.16 for Q2 2024 compared to the expected $0.20, but expects higher revenue of $34M-$36M against a $33.750M forecast.
The projected lower EPS than estimated could negatively impact investor sentiment and stock price in the short term. However, the higher revenue forecast might offset some of the negative impact by indicating potential growth or market share gains. The mixed nature of this forecast suggests a neutral short-term impact, as the negative earnings per share projection is somewhat balanced by positive revenue expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100