North American Q3 EPS $0.86 Beats $0.79 Estimate, Sales $210.27M Miss $221.71M Estimate
Portfolio Pulse from totan@benzinga.com
North American (NYSE:NOA) reported Q3 earnings per share of $0.86, surpassing the analyst estimate of $0.79, marking a 115% increase from last year. However, sales of $210.27M fell short of the $221.71M estimate, despite a 44.85% increase from the previous year.
October 30, 2024 | 9:08 pm
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NEUTRAL IMPACT
North American's Q3 earnings per share exceeded expectations, but sales fell short. The EPS of $0.86 beat the $0.79 estimate, showing strong profitability growth. However, sales of $210.27M missed the $221.71M estimate, indicating potential challenges in revenue generation.
The positive EPS surprise suggests strong profitability, which is a positive indicator for the stock. However, the sales miss could raise concerns about revenue growth, balancing the overall impact to neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100