Insteel Indus Q4 2024 GAAP EPS $0.24 Misses $0.48 Estimate, Sales $134.304M Miss $145.201M Estimate
Portfolio Pulse from Benzinga Newsdesk
Insteel Industries reported Q4 2024 earnings per share of $0.24, missing the analyst estimate of $0.48 by 50%. Sales were $134.304M, below the $145.201M estimate and down 14.74% from last year.
October 17, 2024 | 10:32 am
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NEGATIVE IMPACT
Insteel Industries' Q4 2024 earnings and sales both missed analyst estimates significantly, with EPS at $0.24 versus $0.48 expected and sales at $134.304M versus $145.201M expected.
The significant miss on both EPS and sales compared to analyst estimates suggests potential negative sentiment and pressure on the stock price in the short term. The 50% miss on EPS and 7.50% miss on sales are substantial, indicating potential operational or market challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100