Northwest Pipe Q3 2024 GAAP EPS $1.02 Beats $0.85 Estimate, Sales $130.201M Beat $127.191M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Pipe (NASDAQ:NWPX) reported Q3 2024 earnings per share of $1.02, surpassing the analyst estimate of $0.85 by 20%. Sales reached $130.201 million, exceeding the $127.191 million estimate and marking a 9.67% increase from the previous year.
October 30, 2024 | 8:46 pm
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Northwest Pipe's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $1.02 and sales at $130.201 million, indicating strong financial performance.
The company's earnings per share and sales both exceeded analyst estimates, which is typically a positive indicator for stock performance. The significant beat on EPS and the year-over-year sales growth suggest strong operational performance, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100