Custom Truck One Source Q3 2024 GAAP EPS $(0.07) Misses $(0.03) Estimate, Sales $447.220M Miss $448.357M Estimate
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (NYSE:CTOS) reported a Q3 2024 GAAP EPS of $(0.07), missing the consensus estimate of $(0.03). Sales were $447.220M, slightly below the $448.357M estimate, but up 2.96% from last year.
October 30, 2024 | 8:57 pm
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Custom Truck One Source reported a Q3 2024 EPS of $(0.07), missing estimates by 133.33%. Sales were $447.220M, slightly below expectations but up 2.96% YoY.
The significant EPS miss of 133.33% is likely to negatively impact investor sentiment and the stock price in the short term. Although sales were slightly below expectations, the year-over-year increase of 2.96% may provide some support. However, the overall negative earnings surprise is expected to weigh more heavily on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100