Northwest Pipe Q2 2024 GAAP EPS $0.86 Beats $0.67 Estimate, Sales $129.505M Beat $119.170M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Pipe (NASDAQ:NWPX) reported Q2 2024 earnings per share (EPS) of $0.86, surpassing the analyst estimate of $0.67 by 28.36%. The company also reported sales of $129.505 million, beating the estimate of $119.170 million by 8.67%. This represents an 11.29% increase over the same period last year.
July 31, 2024 | 8:44 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Northwest Pipe (NWPX) reported strong Q2 2024 results with EPS of $0.86 beating estimates by 28.36% and sales of $129.505 million beating estimates by 8.67%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, suggests strong financial health and growth potential for Northwest Pipe. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100