Stantec Q1 2024 Adj EPS $0.90 Beats $0.86 Estimate, Sales $1.40 Miss $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stantec (NYSE:STN) reported Q1 2024 adjusted EPS of $0.90, surpassing the $0.86 estimate, but its sales of $1.40 missed the $1.36B estimate, marking a significant decrease from $908.74M in the same period last year.

May 08, 2024 | 9:02 pm
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Stantec's Q1 2024 earnings beat estimates with an adjusted EPS of $0.90, but sales missed expectations, showing a significant decrease from the previous year.
While Stantec's earnings per share exceeded expectations, the significant miss in sales and the drastic decrease from the previous year's figures could lead to mixed investor sentiment. The EPS beat may provide some positive momentum, but the sales miss and year-over-year decline are likely to raise concerns about the company's growth trajectory and operational efficiency, potentially offsetting the positive impact of the EPS beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100