REX American Resources Q1 EPS $0.58 Beats $0.40 Estimate, Sales $161.23M Miss $165.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources (NYSE:REX) reported Q1 earnings per share (EPS) of $0.58, beating the analyst estimate of $0.40 by 45%. However, sales of $161.23 million missed the $165.28 million estimate and were down 24.20% year-over-year.
May 22, 2024 | 10:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
REX American Resources reported strong Q1 EPS of $0.58, significantly beating the $0.40 estimate. However, sales of $161.23 million missed expectations and were down 24.20% year-over-year.
The significant beat on EPS is a positive indicator for the stock, suggesting better-than-expected profitability. However, the miss on sales and the year-over-year decline in revenue may temper investor enthusiasm. Overall, the strong EPS beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100