Enerflex Q1 2024 GAAP EPS $(0.11) Misses $0.12 Estimate, Sales $473.352M Miss $792.733M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enerflex reported Q1 2024 GAAP EPS of $(0.11), missing the $0.12 estimate, with sales of $473.352M also missing the $792.733M estimate, marking a 22.44% decrease from the previous year.
May 07, 2024 | 10:39 pm
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NEGATIVE IMPACT
Enerflex reported significant misses in both EPS and sales for Q1 2024, with a notable year-over-year sales decline.
Enerflex's significant miss on both earnings per share and sales estimates, coupled with a substantial year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight operational and market challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100