Limbach Holdings Q1 2024 GAAP EPS $0.64 Beats $0.34 Estimate, Sales $118.976M Miss $122.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limbach Holdings (NASDAQ:LMB) reported Q1 2024 earnings of $0.64 per share, surpassing the $0.34 estimate, marking an 88.24% beat and a 137.04% increase from last year. However, their sales of $118.976M fell short of the $122.250M estimate by 2.68%, representing a 1.68% decrease from the previous year.

May 08, 2024 | 8:55 pm
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POSITIVE IMPACT
Limbach Holdings reported a significant earnings beat but missed on sales estimates for Q1 2024.
The substantial beat on earnings per share (EPS) is likely to positively impact investor sentiment and the stock price in the short term, despite the slight miss on sales. The significant improvement in EPS compared to the same period last year indicates strong operational performance and efficiency, which could outweigh the negative impact of the sales miss. However, investors may also consider the sales miss as a point of concern, potentially limiting the upside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100