MISTRAS Group Q3 2024 Adj. EPS $0.20 Misses $0.27 Estimate, Sales $182.694M Miss $185.943M Estimate
Portfolio Pulse from Benzinga Newsdesk
MISTRAS Group reported Q3 2024 earnings of $0.20 per share, missing the consensus estimate of $0.27. Sales were $182.694 million, also below the expected $185.943 million. Despite missing estimates, both earnings and sales showed year-over-year growth.
October 30, 2024 | 8:23 pm
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MISTRAS Group's Q3 2024 earnings and sales missed analyst estimates, with EPS at $0.20 vs. $0.27 expected and sales at $182.694M vs. $185.943M expected. Despite the miss, both figures showed year-over-year growth.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year growth in both earnings and sales may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100