CECO Environmental Q2 2024 Adj. EPS $0.20 Beats $0.16 Estimate, Sales $137.500M Miss $143.324M Estimate
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental (NASDAQ:CECO) reported Q2 2024 adjusted EPS of $0.20, beating the analyst estimate of $0.16. However, sales of $137.5 million missed the $143.324 million estimate, though they increased by 6.44% year-over-year.
July 30, 2024 | 11:01 am
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CECO Environmental reported Q2 2024 adjusted EPS of $0.20, beating the analyst estimate of $0.16. However, sales of $137.5 million missed the $143.324 million estimate, though they increased by 6.44% year-over-year.
The mixed results, with EPS beating estimates but sales missing, suggest a neutral short-term impact. The positive EPS surprise is offset by the sales miss, leading to a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100