JELD-WEN Holding Beats Estimated Earnings in Q4 Report
JELD-WEN Holding, trading under the ticker symbol JELD on the NYSE, recently reported its fourth-quarter earnings results, exceeding analyst expectations. The company announced its earnings on February 19, 2024, at 4:30 PM, showcasing a strong performance for the quarter.
Earnings Beat and Revenue Decline:
JELD-WEN Holding surpassed estimated earnings by an impressive 37.04%, reporting an EPS of $0.37 compared to the analyst consensus of $0.27. Despite the positive earnings surprise, the company experienced a decline in revenue, with a decrease of $310.40 million from the same period the previous year.
Past Earnings Performance:
In the previous quarter, JELD-WEN Holding also outperformed expectations, beating EPS estimates by $0.19. Following this beat, the company saw a 17.69% increase in its share price the next day. This pattern of exceeding earnings estimates and subsequent share price growth is indicative of the company’s strong financial performance and investor confidence.
Earnings History Overview:
To provide a comprehensive view of JELD-WEN Holding’s past performance, here is a summary of its earnings results for the last four quarters:
– Q3 2023: EPS Estimate – $0.34, EPS Actual – $0.53, Revenue Estimate – $1.02B, Revenue Actual – $1.08B
– Q2 2023: EPS Estimate – $0.33, EPS Actual – $0.44, Revenue Estimate – $1.10B, Revenue Actual – $1.13B
– Q1 2023: EPS Estimate – $0.06, EPS Actual – $0.35, Revenue Estimate – $1.10B, Revenue Actual – $1.22B
– Q4 2022: EPS Estimate – $0.25, EPS Actual – $0.47, Revenue Estimate – $1.22B, Revenue Actual – $1.33B
Investors can track all earnings releases for JELD-WEN Holding by visiting their earnings calendar on Benzinga’s website. This article was generated by Benzinga’s automated content engine and reviewed by an editor.
In conclusion, JELD-WEN Holding’s strong earnings performance in the fourth quarter demonstrates the company’s ability to outperform expectations and deliver value to its shareholders. As the company continues to navigate the market landscape, investors can look forward to potential growth opportunities and positive financial results.
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