CECO Environmental Q3 2024 Adj EPS $0.14 Misses $0.19 Estimate, Sales $135.51M Miss $154.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental reported Q3 2024 earnings of $0.14 per share, missing the analyst estimate of $0.19. Sales were $135.51M, below the expected $154.65M, and down 9.29% from last year.
October 29, 2024 | 10:18 am
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NEGATIVE IMPACT
CECO Environmental's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.14 versus $0.19 expected and sales at $135.51M versus $154.65M expected. Sales also decreased by 9.29% compared to the same period last year.
The significant miss on both EPS and sales compared to analyst estimates is likely to negatively impact CECO's stock price in the short term. The decrease in sales compared to the previous year further adds to the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100