Powell Industries (NASDAQ: POWL) recently announced its Q1 earnings results, beating estimated earnings by an impressive 135.71%. The company reported an EPS of $1.98, surpassing the estimated $0.84. This strong performance indicates positive growth and potential for investors.
In addition to the earnings beat, Powell Industries also experienced a significant increase in revenue, with a $67.16 million increase compared to the same period last year. This growth in revenue further reinforces the company’s positive trajectory.
Looking at Powell Industries’ past earnings performance, it is evident that the company has consistently outperformed expectations. In the previous quarter, Powell Industries beat EPS estimates by $0.75, which was followed by a 6.0% drop in the share price the next day. While short-term market reactions can be unpredictable, the company’s consistent earnings beats indicate a strong track record.
To provide a comprehensive overview of Powell Industries’ past performance, here is a breakdown of its earnings and revenue for the past four quarters:
Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023
EPS Estimate | 1.20 | 0.66 | 0.21 | 0.02
EPS Actual | 1.95 | 1.52 | 0.70 | 0.10
Revenue Estimate | 196.79M | 170.71M | 147.03M | 116.69M
Revenue Actual | 208.64M | 192.37M | 171.44M | 126.86M
Investors interested in tracking all earnings releases for Powell Industries can visit their earnings calendar on Benzinga’s website.
It is important to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice.
In conclusion, Powell Industries’ Q1 earnings results demonstrate strong growth and outperformance, exceeding estimated earnings by a substantial margin. The company’s consistent track record of beating expectations further indicates its potential for investors. With a significant increase in revenue compared to the same period last year, Powell Industries appears to be on a positive trajectory.
