Redwire Q1 2024 GAAP EPS $(0.17) Misses $(0.12) Estimate, Sales $87.792M Beat $66.022M Estimate
Portfolio Pulse from Benzinga Newsdesk
Redwire (NYSE:RDW) reported Q1 2024 earnings with a GAAP EPS of $(0.17), missing the $(0.12) estimate, but sales of $87.792M exceeded the $66.022M estimate. This represents a 5.56% decrease in losses per share and a 52.40% increase in sales compared to the same period last year.
May 08, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Redwire's Q1 2024 earnings report showed a miss on EPS estimates but a significant beat on sales forecasts, indicating mixed financial performance.
The miss on EPS estimates may concern investors about profitability, but the substantial beat on sales forecasts could indicate strong demand for Redwire's products and potential for future profitability. The mixed results present a neutral short-term outlook as investors weigh the implications of both the earnings miss and the sales beat.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90