ProFrac Holding Q1 2024 GAAP EPS $0.60 Beats $0.04 Estimate, Sales $581.500M Miss $582.958M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProFrac Holding (NASDAQ:ACDC) reported Q1 2024 earnings of $0.60 per share, significantly beating the $0.04 estimate. However, their sales of $581.5M slightly missed the $582.958M estimate, marking a 31.72% decrease from the previous year.

May 09, 2024 | 9:06 am
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POSITIVE IMPACT
ProFrac Holding's Q1 2024 earnings significantly exceeded expectations, but sales slightly missed estimates and showed a substantial year-over-year decline.
The substantial beat on the earnings per share (EPS) estimate is likely to positively impact investor sentiment and the stock price in the short term, despite the slight miss on sales and the year-over-year decrease. The significant outperformance on EPS, beating estimates by 1400%, overshadows the minor sales miss and the negative year-over-year sales comparison, suggesting a strong operational efficiency or cost management that could appeal to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100