Gulf Island Fabrication Q1 2024 GAAP EPS $0.37, Sales $42.881M Miss $43.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gulf Island Fabrication (GIFI) reported Q1 2024 earnings of $0.37 per share with sales of $42.881M, missing the consensus estimate of $43.000M. This represents a 31.02% decrease in sales compared to the same period last year.
May 07, 2024 | 9:28 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Gulf Island Fabrication reported a slight miss in Q1 2024 sales but achieved earnings of $0.37 per share.
Missing sales estimates, even by a small margin, can negatively impact investor sentiment, especially when accompanied by a significant year-over-year decrease in sales. This could lead to a short-term negative impact on GIFI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100