ARC Document Solutions Q1 2024 Adj EPS $0.06 Beats $0.04 Estimate, Sales $70.792M Beat $68.944M Estimate
Portfolio Pulse from Benzinga Newsdesk
ARC Document Solutions (NYSE:ARC) reported Q1 2024 adjusted EPS of $0.06, surpassing the $0.04 estimate, with sales of $70.792M exceeding the $68.944M forecast. This represents a 20% increase in EPS and a 2.72% increase in sales year-over-year.
May 07, 2024 | 8:57 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ARC Document Solutions exceeded Q1 2024 earnings and sales estimates, showing significant year-over-year growth.
Beating both EPS and sales estimates significantly, especially with a 50% beat on the EPS estimate and a year-over-year growth in both metrics, suggests strong operational performance and efficiency. This positive earnings report is likely to instill investor confidence, potentially leading to a short-term uptick in ARC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100