Babcock & Wilcox Q1 2024 GAAP EPS $(0.22) Misses $(0.14) Estimate, Sales $207.600M Beat $206.675M Estimate
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox (NYSE:BW) reported Q1 2024 earnings with a GAAP EPS of $(0.22), missing the $(0.14) estimate, and sales of $207.600M, slightly above the $206.675M estimate. This represents a 22.22% decrease in EPS and a 13.97% decrease in sales from the same period last year.
May 09, 2024 | 10:46 pm
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NEGATIVE IMPACT
Babcock & Wilcox reported a larger than expected quarterly loss of $(0.22) per share compared to the $(0.14) estimate, but slightly beat sales estimates with $207.600M against a $206.675M forecast.
The miss on the EPS estimate by 57.14% and the year-over-year decrease in both EPS and sales by 22.22% and 13.97%, respectively, are likely to negatively impact investor sentiment in the short term. Although the slight beat on sales provides a positive note, the significant miss on earnings and the comparison to last year's performance are critical factors that could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100