Stevanato Gr Q1 Adj $0.09 Misses $0.12 Estimate, Sales $256.31M Beat $254.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stevanato Gr (NYSE:STVN) reported Q1 adjusted earnings of $0.09 per share, missing the consensus estimate of $0.12, a 25% decrease from last year. Sales were $256.31M, beating estimates by 0.85% and marking a 0.34% increase from the previous year.
May 09, 2024 | 10:42 am
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Stevanato Gr reported lower-than-expected Q1 earnings at $0.09 per share, a 25% decrease from last year, but sales exceeded expectations at $256.31M, a slight increase from the previous year.
The miss in earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, despite the slight beat in sales. The 25% decrease in EPS from the previous year highlights a significant drop in profitability, which is a critical factor for stock performance. However, the slight increase in sales year-over-year indicates some positive aspects of the business performance, but it may not be enough to offset the negative impact of the earnings miss.
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IMPORTANCE 90
RELEVANCE 100