Heico Q3 2024 GAAP EPS $0.97 Beats $0.92 Estimate, Sales $992.246M Miss $994.784M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heico reported Q3 2024 earnings per share of $0.97, surpassing the analyst estimate of $0.92. However, its sales of $992.246 million slightly missed the expected $994.784 million. Despite this, sales increased by 37.26% compared to the same period last year.
August 26, 2024 | 8:20 pm
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POSITIVE IMPACT
Heico's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a significant year-over-year sales increase.
Heico's earnings per share beat expectations, which is a positive indicator for the stock price. The slight miss in sales is offset by a strong year-over-year sales growth, suggesting overall positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100