NorthWestern Q3 2024 Adj. EPS $0.65 Misses $0.68 Estimate, Sales $345.200M Miss $350.443M Estimate
Portfolio Pulse from Benzinga Newsdesk
NorthWestern (NASDAQ:NWE) reported Q3 2024 earnings of $0.65 per share, missing the $0.68 estimate, but up 32.65% from last year. Sales were $345.2M, below the $350.443M estimate, yet up 7.51% from last year.
October 29, 2024 | 4:57 am
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NEGATIVE IMPACT
NorthWestern's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.65 vs. $0.68 expected and sales at $345.2M vs. $350.443M expected. Despite the miss, both figures showed significant growth from the previous year.
The earnings and sales figures both missing analyst estimates are likely to have a negative short-term impact on NorthWestern's stock price. However, the significant year-over-year growth in both EPS and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100